BENGALURU, May 7 (Reuters) - Piramal Enterprises Ltd PIRA.NS said on Tuesday it had signed a memorandum of understanding (MoU) with Canada's biggest public pension fund to co-sponsor a $600 million infrastructure trust focused on renewable energy.
The Canada Pension Plan Investment Board (CPPIB) will initially contribute $360 million to the fund with Piramal adding $90 million, the Indian conglomerate said.
The remaining amount will be raised from other investors, Mumbai-based Piramal said http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u= will hold up to 60 percent stake in the trust, while Piramal will own 15 percent.