MUMBAI, Oct 19 (Reuters) - Canada's No. 2 pension fund,
Caisse de depot et placement du Quebec (CDPQ), has acquired a
minority stake worth $155 million in India's TVS Logistics
Services Ltd, the privately held Indian company said in a
statement on Wednesday.
The Canadian fund will buy most of the stake currently held
jointly by Goldman Sachs and KKR & Co LP while
parent TVS Group's management will acquire the rest.
Earlier this month, CDPQ partnered with Indian financial
services firm Edelweiss Group and said it planned to invest up
to $700 million over the next four years in stressed assets and
private debt opportunities in India.
CDPQ opened its first Indian office in New Delhi earlier
this year to scout for investments in South Asia, and said in
March it was committed to investing $150 million in renewable
energy in India.
($1 = 66.6600 Indian rupees)
(Reporting by Sankalp Phartiyal; Editing by Amrutha Gayathri)