IFLR1000

Canada Pension Plan Investment Board (CPPIB) Re9.2 billion acquisition of 6.3% of Renew Power Ventures

29/1/2018
Private acquisition
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Re 9.2 billion

$ 143 million

Completed

29/1/2018

Overview:

  • Canada Pension Plan Investment Board (CPPIB) has acquired 6.3% of Renew Power Ventures for Re9.2 billion from the Asian Development Bank.
  • The deal is part of the company's power and renewables strategy.
  • The Canadian fund has invested approximately C$1.5 billion in India in the last 12 months.

Katrin Kostadinova - Data analyst 

Jurisdiction:

India

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

India

Industry sector:

Energy

Firm:
AZB & Partners

Party: Canada Pension Plan Investment Board (Acquirer)

Party: Asian Development Bank (Seller)

Lawyers: Ananya Sharma, Roxanne Anderson

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