CAM, Khaitan, Torys act on CPPIB investment in Phoenix Mills unit

Canada Pension Plan Investment Board (CPPIB) and Phoenix Mills have formed a strategic investment platform to develop, own and operate retail-led mixed-use developments across the country.

CPPIB will initially own 30 per cent of the platform with an equity commitment of around Rs 724 crore. CPPIB plans to invest around Rs 1,600 crore, in multiple tranches, to own up to 49 per cent stake, reported