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CPPIB to invest in L&T IDPL

CPPIB to invest in L&T IDPL

Mumbai, June 23 (IBNS): Engineering major Larsen & Toubro Limited (L&T) has entered into a definitive investment agreement with a wholly-owned subsidiary of Canada Pension Plan Investment Board (CPPIB), CPP Investment Board Singaporean Holdings 1 (CPPIBSH), for an initial investment tranche of `1,000 crore, to be invested by CPPIBSH into the company’s subsidiary L&T Infrastructure Development Projects Limited (L&T IDPL).

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    CPPIB to invest in L&T IDPL Mon, Jun 23 2014