newsycanuse

Canada’s PSP in talks for Maple InvIT stake

Canada's

Bitcoins

Mumbai: The Public Sector Pension Investment Board (PSP Investments), one of the largest pension investors in Canada, is in preliminary talks to buy a significant minority stake in Maple Infrastructure Trust, the Indian infrastructure trust (InvIT) owned by Canadian fund CDPQ, people aware of the development told ET.

CDPQ plans to raise about $300-400 million through the latest round of fundraising and has hired Rothschild to run the mandate, ET reported last month.

Presently, Maple Infrastructure Trust has an enterprise value of about ₹16,000 crore (just shy of about $2 billion). The proposed fund will also be used to finance Maple’s recent acquisition of the toll road assets of Ashoka Concessions. Besides CDPQ, other existing investors are also likely to dilute stakes partially, said the sources cited above.

bitcoins Canada’s PSP in Talks for Maple InvIT Stake

Although the sale process is not yet launched officially, a few global investors including PSP and one from the Middle East are engaged in bilateral talks with CDPQ, said sources.

With $265 billion net assets under management, PSP is also an investor in the $2.3 billion Master Fund of North Block-owned National Investment and Infrastructure Fund (NIIF). Globally, PSP invests through its road investment platform, Roadies.

In October last year, Maple Infrastructure Trust had acquired 5 build-operate-transfer (BOT) toll road assets of Ashoka Concessions, a subsidiary of Highway builder Ashoka Buildcon.

The assets were acquired at an aggregate enterprise value of ₹5,718 crore. Maple InvIT has posted an income of ₹773 crore in FY2024.

Reghu Balakrishnan Read More

Latest

Broncos

Broncos football player arrested for second time in 8 days

0
Broncos football player arrested for second time in 8 days Denver Broncos linebacker Jonathon Cooper is facing additional legal trouble after authorities arrested him for allegedly violating a court-issued protection order connected to an ongoing domestic violence case. According to police, Cooper was taken into custody after allegedly contacting and visiting his girlfriend despite being
College

NFL vs. College Football: Highest Earnings by Position in New NIL Era

0
NFL vs. College Football: Highest Earnings by Position in New NIL Era The gap between professional and college football earnings remains substantial, even as NIL opportunities have transformed the landscape for elite college athletes. According to Football Scoop and NIL Standard, top NFL players still earn significantly more than the highest-paid college players at the
Deion

Deion Sanders Received Bonus He Didn’t Earn as Colorado’s $1.2M Blunder Surfaces: Report

0
When CU brought Deion Sanders in 2023, it was not just for football. It was also a business move. He brought cameras, celebrities, huge television ratings, and a level of attention that Colorado had not seen in decades. Quickly, CU got attention, and it helped explain why the program rewarded Sanders with a $250,000 discretionary
football

Moving Yahya Black To Nose Tackle Isn’t A Seismic Change

0
According to accounts from the Pittsburgh Steelers’ coaching staff and beat writers attending spring practices, Yahya Black is playing nose tackle. New defensive line coach Domata Peko suggested Black could become one of football’s best nose tackles. It’s a different framing than a year ago, when Pittsburgh’s old regime viewed Black as a defensive end

Newsletter

Don't miss

Broncos

Broncos football player arrested for second time in 8 days

0
Broncos football player arrested for second time in 8 days Denver Broncos linebacker Jonathon Cooper is facing additional legal trouble after authorities arrested him for allegedly violating a court-issued protection order connected to an ongoing domestic violence case. According to police, Cooper was taken into custody after allegedly contacting and visiting his girlfriend despite being
College

NFL vs. College Football: Highest Earnings by Position in New NIL Era

0
NFL vs. College Football: Highest Earnings by Position in New NIL Era The gap between professional and college football earnings remains substantial, even as NIL opportunities have transformed the landscape for elite college athletes. According to Football Scoop and NIL Standard, top NFL players still earn significantly more than the highest-paid college players at the
Deion

Deion Sanders Received Bonus He Didn’t Earn as Colorado’s $1.2M Blunder Surfaces: Report

0
When CU brought Deion Sanders in 2023, it was not just for football. It was also a business move. He brought cameras, celebrities, huge television ratings, and a level of attention that Colorado had not seen in decades. Quickly, CU got attention, and it helped explain why the program rewarded Sanders with a $250,000 discretionary
football

Moving Yahya Black To Nose Tackle Isn’t A Seismic Change

0
According to accounts from the Pittsburgh Steelers’ coaching staff and beat writers attending spring practices, Yahya Black is playing nose tackle. New defensive line coach Domata Peko suggested Black could become one of football’s best nose tackles. It’s a different framing than a year ago, when Pittsburgh’s old regime viewed Black as a defensive end
Coach

Navy Coach Shares Why ‘Gritty Guy’ Eli Heidenreich Can Carve Out Special Teams Role With Steelers

0
Making a 53-man roster in the NFL is a tough task, especially for a seventh-round pick. It’s a long, challenging road, and the odds are stacked against you. So, the more you can do for a football team, the better. Pittsburgh Steelers rookie running back and wide receiver Eli Heidenreich has the advantage of being
newsycanusehttps://newsycanuse.com

Your business texts could look like scam messages from July 1 if you don’t act now

From July 1, any branded SMS your business sends without a registered sender ID will be labelled “Unverified” and grouped with scam messages.  What’s happening: From 1 July 2026, any business or organisation that sends SMS using a branded name, such as “MyShop” or “AcmeServices”, instead of a phone number, must have that sender ID
Read more

Business groups are fighting Labor’s CGT changes. Here is where SMEs stand

Labor’s most contested tax reform in a generation cleared its first formal hurdle on Thursday and immediately ran into organised resistance. Treasurer Jim Chalmers introduced the government’s tax reform legislation to the House of Representatives on 28 May, bundling together four budget measures: the capital gains tax overhaul, new limits on negative gearing, a $250
Read more

Meet the most influential business owners from Southwest Nigeria

This article spotlights the most influential business owners from Southwest Nigeria, adjudged by their dominance in their respective sectors of the economy where they operate. The post Meet the most influential business owners from Southwest Nigeria appeared first on Nairametrics...
Read more