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CPPIB, OMERS on road to Rs 4,300 crore infusion in IndInfravit
Canada Pension Plan Investment Board (CPPIB) and Ontario Municipal Employees Retirement System (OMERS) are planning to invest over ₹4,300 crore ($526 million) in IndInfravit, an Indian infrastructure investment trust (InvIT) majority owned by them. This funding is linked to IndInfravit's acquisition of a portfolio of five Indian road assets from Brookfield valued at $1.2 billion. The Brookfield portfolio consists of three toll road projects and two annuity projects, spanning around 2,400 lane km across several Indian states. The deal is expected to close soon, and the funds will be used to finance the acquisition, repay part of the debts, and for capital expenses.