Caisse de dépôt et placement du Québec (CDPQ) is announcing an investment in Piramal Enterprises Limited (Piramal Enterprises), a leading Indian financial and industrial group active in financial services, pharmaceutical development and manufacturing, and healthcare information management. CDPQ will acquire US$250 million in convertible debentures from Piramal Enterprises.
“We are delighted to deepen our partnership with Piramal Enterprises, a company whose value creation approach aligns well with CDPQ’s long-term objectives and perspective as a global institutional investor,” said Anita M. George, Executive Vice-President and Head of Strategic Partnerships, Growth Markets at CDPQ. “This transaction further demonstrates CDPQ’s commitment to invest in different sectors of India’s economy.”
This transaction strengthens an existing partnership between Piramal Enterprises and CDPQ, which began with an initial investment in 2017 and includes a residential real estate co-investment platform with CDPQ’s real estate subsidiary Ivanhoé Cambridge.
CDPQ is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. It invests globally in major financial markets, private equity, infrastructure, real estate and private debt.
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