1 / 12Indo-Canadian relations hit a new low on Tuesday after Canada expelled a top Indian diplomat alleging foreign interference in the killing of Khalistan Tiger Force Chief on Canadian soil. The move is likely to impact trade and investment ties as well.
2 / 12The Canadian Pension Plan Investment Board (CPPIB) has made several investments in India in listed, as well as unlisted companies. As per recent filings, those investments totalled to over Rs 1 lakh crore. Here's a look at some Indian Companies where the Canadian Pension Fund has a stake based on the June quarter shareholding pattern:
3 / 12Delhivery | As of the June quarter, the Canadian Pension fund held a 6 percent stake in the logistics platform which listed only last year. Based on Monday's closing price, that stake is valued at Rs 1,878 crore.
4 / 12Kotak Mahindra Bank | As per the Canadian Pension Fund website, it had invested 1.15 billion Canadian dollars in the Uday Kotak-led bank back in 2015. Based on the most recent shareholding data, that stake is currently at 2.68 percent. The Canadian Pension Fund had also sold a 1.66 percent stake in the bank in June this year. The remaining stake, as per Monday's closing price is valued at Rs 9,582 crore.
5 / 12Zomato | The CPPIB holds stake in most new-age Indian companies from Zomato to Paytm to Nykaa. As per the June quarter shareholding pattern, it holds a 2.37 percent stake in Food Delivery aggregator, which is now worth Rs 2,078 crore as of Monday's closing price.
6 / 12Paytm | The CPPIB was one of the anchor investors in Vijay Shekhar Sharma's Paytm, once India's largest IPO, before being overtaken by LIC. It had even increased its shareholding last year when Paytm's shares fell to their all-time low of Rs 438. As of the June quarter shareholding pattern, the Canadian Pension Fund held a 1.76 percent stake in Paytm, which as of Monday's closing price, is valued at Rs 973 crore.
7 / 12Indus Towers | Formerly known as Bharti Infratel, the Canadian Pension Fund holds a 2.18 percent stake in the towers company as of June 30. Based on Monday's closing price, that stake is valued at Rs 1,085 crore.
8 / 12Nykaa | The Canadian Pension Fund, similar to Paytm, was an anchor investor in the IPO of the online beauty retailer as well. In fact, it also bought further shares in November 2022 worth Rs 300 crore when the stock had seen a sharp correction post the lock-in period ending. As of June 30, the CPPIB owns stake worth 1.47 percent in Nykaa, which as of Monday's closing price, is valued at Rs 625 crore.
9 / 12Wipro | Based on the most recent 13-F filings of the CPPIB in August, it owns stake in Wipro's US-listed shares, which is valued at close to $11.92 miilion.
10 / 12Infosys | The 13-F filings of the CPPIB also show their investment in the US-listed shares of Infosys, which at the current price is valued at over $21.7 million.
11 / 12ICICI Bank | The last US-listed Indian stock in which the CPPIB has a stake is ICICI Bank. Based on the latest filings, the Canadian Pension Fund's stake in the Mumbai-based private lender is worth nearly $10 million.
12 / 12Besides these companies, the CPPIB also has multiple investments in unlisted entities in India. It had collaborated with Piramal Enterprises in 2019 for India's first renewable Infrastructure Investment Trust (InvIT). It also has a strategic alliance with the Shapoorji Pallonji Group to acquire stabilized office buildings in major metros of India. The CPPIB had initially invested $200 million for an 80 percent stake. It also has an alliance with L&T Infrastrucure Development Projects with a commitment of $332 million.
