US buyouts firm TPG Capital, Singapore sovereign fund Temasek, Canada‘s CPP Investment Board and Prem Watsa‘s Fairfax Financial Holdings are in lining up to acquire as much as 49 percent in Mumbai International Airport Ltd (MIAL) from the GVK group
Under the deal, CPP Investment Board, part of Canada Pension Plan Investment Board, would subscribe to compulsorily convertible preference shares and nominal equity shares of Larsen & Toubro Infrastructure Development Projects Ltd (L&T IDPL).