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Tariff Impact on the Indian Economy
GOLDMINE UPDATE
Goldmine Update on Canadian Funds
- Sep 21 ,2023
- by admin
- Goldmine Update
Canadian investment is about 0.5% of the total FDI (Foreign Direct Investment) inflows into India.
On the other hand, India was Canada’s ninth-largest trading partner in 2022. Services and Infrastructure together accounted for 40.63% of the total FDI investments from Canada to India.
The Canadian Pension Plan Investment Board (CPPIB) has made several investments in India. The recent filings show these investments totaled over ₹1 lakh crore.
CPPIB has made fund infusions in companies such as IT majors Wipro and Infosys, top-tier banks ICICI Bank, Kotak Mahindra Bank, and new-age companies like Paytm, Zomato, Nykaa, Delhivery, etc.
Company CPPIB takes Stake value
Delhivery 6% ₹1,878 crore
Kotak Mahindra Bank 2.68% ₹9,582 crore
Zomato 2.37% ₹2,078 crore
Paytm 1.76% ₹973 crore
Indus Towers 2.18%, ₹1,085 crore
Nykaa 1.47%, ₹ 625 crore
Wipro has not disclosed $11.92 million
Infosys has not disclosed $21.7 million
ICICI Bank has not disclosed $10 million