MUMBAI: Canada’s second largest pension fund, Caisse de dépôt et placement du Québec (CDPQ), is in the final stages of discussions with a Tata sons subsidiary to acquire the Durg Bypass, a road asset in central India, assigning a value of about Rs 800 crore to the project that’s part of the arterial highway connecting Mumbai with Kolkata.
One of the multiple people aware of the talks told ET that CDPQ has already signed a term sheet for buying the operational asset of Tata Realty and Infrastructure Limited (TRIL).
A CDPQ spokesperson declined to comment, while a mail sent to TRIL remained unanswered.
