In 2017, Bharti Airtel sold 10.3% stake in Bharti Infratel to a consortium of investors including CPPIB & KKR. Funds managed by KKR had also previously invested in Bharti Infratel between 2008 and 2015
With an equity allocation of Rs 20 billion (C$333 million), the joint venture would pursue Grade A commercial developments in India's key gateway cities
DLF, the country's largest realty firm, had in October last announced that its promoters will sell their 40 per cent stake in the DLF Cyber City Developers Ltd (DCCDL)
The company hopes to infuse the capital back to the company by the end of the fiscal and if it does go through, it could be the largest realty deal in recent times.
The deal with the CPPIB, Canada's biggest pension fund, is expected to include GE's Antares Capital business, a middle-market lender for private equity- backed transactions, the source said.