Mumbai: The Ajay Piramal-led Piramal Group, which has set up platforms to acquire operating renewable energy and roads assets, has roped in Canada’s largest pension fund manager Canada Pension Plan Investment Board (CPPIB) as an anchor investor, said two people aware of the development.
In July 2018, Piramal Group chairman Ajay Piramal had said in an interview that the group aims to set up an aggregation-cum-investment platform for renewable energy and road assets.
The proposed platforms for roads and renewable energy assets will see a total commitment of close to $2 billion, according to one of the persons mentioned above.
