CDPQ invests in Piramal Enterprises
Summary
Caisse de dépôt et placement du Québec is investing US$250 million in India-based Piramal Enterprises Limited, a financial and industrial company. Caisse de dépôt et placement du Québec (CDPQ) is announcing an investment in Piramal Enterprises Limited (Piramal Enterprises), a leading Indian financial and industrial group active in financial services, pharmaceutical development and manufacturing, and healthcare information management. “This transaction further demonstrates CDPQ’s commitment to invest in different sectors of India’s economy.” This transaction strengthens an existing partnership between Piramal Enterprises and CDPQ, which began with an initial investment in 2017 and includes a residential real estate coinvestement platform with CDPQ’s real estate subsidiary Ivanhoé Cambridge. CFG provides customized funding solutions to companies across sectors such as infrastructure, renewable energy, roads, industrials, auto components etc. PEL’s Healthcare Insights & Analytics business is a premier provider of healthcare analytics, data & insight products and consulting services to the world’s leading pharma, biotech and medical technology companies, enabling them to make informed business decisions.