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Canadian fund Caisse buys $155 million stake in Indian logistics firm

October 19, 2016 11:26 AM
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Canadian fund Caisse buys $155 million stake in Indian logistics firm

MUMBAI Canada's No. 2 pension fund, Caisse de depot et placement du Quebec (CDPQ), has acquired a minority stake worth $155 million in India's TVS Logistics Services Ltd, the privately held Indian company said in a statement on Wednesday.

The Canadian fund will buy most of the stake currently held jointly by Goldman Sachs (GS.N) and KKR & Co LP (KKR.N) while parent TVS Group's management will acquire the rest.

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