On Dec. 16, 2022, the Canada Pension Plan Investment Board (CPP Investments) disclosed its agreement to divest its 49% interest in L&T Infrastructure Development Projects Limited (L&T IDPL). Concurrently, Larsen & Toubro (L&T), the holder of the remaining 51% share in L&T IDPL, will also liquidate its stake. The acquirer is Epic Concesiones Private Limited, an affiliate of the Infrastructure Yield Plus strategy operated by Edelweiss Alternative Asset Advisors Limited. L&T IDPL, a prominent player in the Indian infrastructure domain, possesses assets such as operational toll, annuity road concessions, and power transmission routes. Additionally, L&T IDPL is the sponsor of the IndInfravit Trust (IndInfravit), marking India's debut privately listed infrastructure investment trust (InvIT). As part of the deal, both L&T and CPP Investments will create a new firm to serve as the sponsor of IndInfravit, pending various approvals. Having first invested in L&T IDPL in 2014, CPP Investments has been a consistent contributor to India's infrastructure segment, including investments in IndInfravit. The projected gross revenue from this sale for both L&T and CPP Investments stands at roughly C$450 million (INR 27,234 million). However, this is before factoring in closing adjustments and other transaction-specific terms. The deal's completion remains contingent on standard closing stipulations and requisite regulatory approvals.