L&T IDPL receives second tranche investment of Rs. 1,000 cr from Canada Pension Plan Investment Board
The first tranche investment of Rs 1000 crore was made on Dec 16, 2014 by way of subscription to compulsorily convertible preference shares of L&T IDPL and the second tranche of Rs 1,000 crore was to be invested in L&T IDPL by CPPIB’s subsidiary, after twelve months from the date of the initial investment.
"The second tranche investment of Rs 1000 crore has now been made by CPPIB’s subsidiary on December 15, 2015 by subscribing to compulsorily convertible preference shares of L&T IDPL," the company said in a statement.
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