05 April 2021
Caisse de dépôt et placement du Québec (CDPQ) and Piramal Asset Management will invest $15-20 million private credit in Sri Sarvaraya Sugars Ltd, a Coca Cola India bottler from Chennai, Mint reported citing two people aware of the matter.
Piramal Asset Management and CDPQ announced a $300 million private credit platform, in February 2020, with CDPQ contributing 75 percent of the investment and Piramal committing 25 percent.
The platform aims to offer private credit solutions to companies across various industries in India, including manufacturing, consumer, industrial, healthcare, pharmaceuticals, logistics, among others.
EY is advising the latest transaction between the Chennai based bottler and the private credit platform, one of the two people cited above told the publication.
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