India-Canada relations hit a new low with Canada expelling an Indian diplomat over allegations of India’s involvement in the killing of the Khalistan Tiger Force chief on Canadian soil. Experts believe that this will likely impact the country’s trade and investments in India as well.
The Canadian Pension Plan Investment Board (CPPIB) has made several investments in listed as well as unlisted companies in India. As per recent filings, those investments totalled summed up to more than ₹ 1 lakh crore. Here are a few Indian Companies where the Canadian Pension Fund has a stake based on the June quarter shareholding pattern:
Kotak Mahindra Bank
CPPIB holds 5,33,10,661 shares or a 2.68 percent stake as per the shareholding pattern of the bank. However, reports suggest that it had sold a 1.66 per cent stake in the bank in June this year. Its shares were trading at ₹ 1782.90 apiece.
Zomato
CPPIB holds 20,35,24,655 shares or a 2.37 percent stake as per the shareholding pattern of the food aggregator. Its shares were trading at ₹ 100.35.
One 97 Communications (Paytm)
CPPIB holds 1,11,46,932 shares or a 1.76 percent stake as per the shareholding pattern of the payments aggregator. Its shares were trading at ₹ 854.15.
Indus Towers
CPPIB holds 5,86,45,238 shares or a 2.18 percent stake as per the shareholding pattern of the telecom company. Its shares were trading at ₹ 180.10 apiece.
FSN E-Commerce Ventures (Nykaa)
CPPIB was an anchor investor in the beauty and personal care company’s Initial Public offer. It owns a stake worth 1.47 percent, according to a report by CNBC TV-18. Its shares were trading at ₹ 143.70 apiece.
A few other companies in which the CPPIB holds a stake include Wipro ($ 11.92 million), Infosys ($ 21.7 million), and ICICI Bank ($10 million). Moreover, it has invested in various unlisted companies in India. In addition, it has had strategic alliances with Piramal Enterprises, the Shapoorji Pallonji Group and L&T Infrastructure Development Projects.
Written by Simran Bafna
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