CPPIB invests $225M in Piramal-Bain sponsored India Resurgence Fund1 min read . Updated: 18 Dec 2019, 09:38 AM IST
- The fund, launched in 2016, looks to invest in distressed assets in the country by purchasing existing debt and equity securities
- It, then, takes control of the turnaround of such assets through recapitalization and operational improvements
MUMBAI : India Resurgence Fund (IndiaRF), promoted by Piramal Enterprises Ltd and Bain Capital Credit, on Wednesday said Canada's largest pension fund manager Canada Pension Plan Investment Board (CPPIB) has invested $225 million in the fund through its wholly-owned subsidiary - CPPIB Credit Investments Inc.
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