Ajay Piramal-led Piramal Enterprises Ltd has signed an agreement with Canada’s largest pension fund manager Canada Pension Plan Investment Board (CPPIB), to co-sponsor India’s first renewable energy focused Infrastructure Investment Trust (InvIT). The InvIT would seek to acquire up to 1.5-2GW of stable and cash generating renewable assets on a hold-to-maturity basis, with a firm focus on diversification of both asset type as well as off-taker profile

(Dealstreet Asia)