Photo: BloombergMumbai: Canada’s largest pension fund Canada Pension Plan Investment Board (CPPIB) and Allianz Capital Partners (ACP), part of insurance giant Allianz, on Wednesday said that they are acting as anchor investors in the first private infrastructure investment trust in India—IndInfravit Trust. IndInfravit Trust, sponsored by L&T Infrastructure Development Projects Ltd (L&T IDPL), will initially acquire five operational toll roads and plans to grow in the future through additional investments in road infrastructure in India. L&T IDPL is focused on developing infrastructure projects with a focus on the road sector and electricity transmission sectors. L&T IDPL will act as a sponsor and its subsidiary will act as the investment manager for the Trust. “This investment allows CPPIB to deepen our relationships with Allianz Capital Partners and L&T IDPL and demonstrates our commitment to investing in India.

Source: Mint May 09, 2018 09:56 UTC