The Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) will acquire an additional 10 per cent stake in Apraava Energy for a total of Rs 6.6 billion from the CLP Group. This acquisition will increase CDPQ’s stake in the independent power producer to 50 per cent and make it an equal partner with CLP. Following the completion of this transaction, CDPQ will have governance rights equal to those of CLP.
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