La Caisse takes $1.3B stake in Indian telecom tower firm

What's the deal? La Caisse has agreed to buy a US$1.3 billion stake in an Indian telecom tower firm, adding to a wave of global capital flowing into the country's infrastructure assets.

Why now? The purchase lands as major investors ramp up their exposure to Indian infrastructure. Blackstone, KKR and Macquarie Asset ManagementDealroom has a profile for this one. Try Dealroom → have all stepped up investments in the sector.

The signal: The deal reflects growing appetite among global investors for Indian infrastructure. Earlier this week, CPP InvestmentsDealroom has a profile for this one. Try Dealroom →, Ontario Teachers' Pension Plan BoardDealroom has a profile for this one. Try Dealroom →, Temasek HoldingsDealroom has a profile for this one. Try Dealroom →, AustralianSuper and others backed the National Investment and Infrastructure FundDealroom has a profile for this one. Try Dealroom →'s latest fund — underscoring how quickly capital is lining up behind the country's build-out.

Read more: financialpost.com

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