Company News

Canadian Pension Fund To Invest $1.7 Bln In Indian Realty Sector By 2012

New Delhi: Caisse de Depot et Placement du Quebec (CDPQ), Canada’s biggest public pension fund is all set to make investment in the prospering Indian realty segment.

The pension fund, set up in 1965, plans to invest around $1.7 billion by 2012.

This would be CDPQ’s initial investment in India.

The company sources said that CDPQ’s Chief Executive Officer (CEO), Mr. Paul Campbell, will came to India to fulfill the obligatory conditions related to the deal.

CDPQ would concentrate on building up real estate opportunities in Mumbai, Delhi, Bangalore and Hyderabad, the sources added.

CDPQ would make Indian investment under its SITQ division that specializes in the investment and management of office buildings.

Blackstone Picks Up 26% Stake In Indian Engineering Firm

Mumbai: Private equity firm Blackstone Group has invested $65 million to get hold of 26% stake in Indian engineering company MTAR Technologies Pvt Ltd.

The Hyderabad-based MTAR makes critical components and products used for aerospace and defense applications. The funding will be a mix of primary and secondary equity.

Akhil Gupta, chairman of Blackstone Advisors India Pvt Ltd said, “We are very enthusiastic about this investment as we foresee a huge growth opportunity for MTAR both in domestic and global markets.”

Reliance Retail Launches ‘Reliance Footprint’ In Hyderabad

Reliance Retail has unveiled their latest brand of retail stores, which has been named as ‘Reliance Footprint’.

Xenitis Rolls Out Its ‘Rock100’ @ Rs 19,990

The Xenitis group, Xenitis' Rock100 bikeon Wednesday, has launched its 100cc moto

Glenmark To Reorganize Biz In Two Separate Entities

Glenmark Pharmaceuticals Ltd.Mumbai: Glenmark Pharmaceuticals is all set to reor

Sterlite Ind To Raise Funds For Power Generation Biz

Mumbai: The flagship company of Vedanta Group, Sterlite Industries (India) Ltd said that it would take part in coal-based power generation projects and other ancillary actions through its subsidiar

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