Canada-India Issue: The effect of increasing tension between Canada and India is now visible on the domestic stock market as well. Canadian money is invested in many companies of the Indian Stock Market. Due to tension between the two countries, the shares held by Canada Pension Plan Investment Board are under pressure. The Canada Pension Plan Investment Board is one of the largest foreign portfolios.
CPPIB has a major stake in Nykaa, Paytm, Zomato and Delhivery in its portfolio. Canada Pension Plan Investment Board has 1.47 percent stake in Nykaa, 1.76 percent stake in Paytm, 2.37 percent stake in Zomato and 6 percent stake in Delhivery.
How much investment does the board make in these companies
These shares of Canada Pension Plan Investment Board portfolio have fallen by more than 1 to 3 per cent during the last five trading sessions. Overall the board’s investment in these four companies is Rs 5,566 crore.
Canadian money is also in these companies
The money of Canada Pension Plan Investment Board is also in Kotak Mahindra Bank. CPPIB’s stake in this is 2.68 percent, whose value is Rs 9500 crore. Also, 2.18 percent stake in Indus Tower and its value is Rs 1087 crore. The stock has declined in the last few trading sessions.
Invest in IT companies also
The Canada Pension Plan Investment Board is also invested in some IT companies. It also has investments in Wipro and Infosys. Besides, it also has stake in ICICI Bank. In such a situation, the stocks of these companies also continue to fall. On Friday, shares of ICIC Bank were down 0.18 per cent at Rs 957.60, while shares of Wipro Company were down 1.87 per cent at Rs 420.95. Apart from this, shares of Infosys company fell 0.66 percent to Rs 1,491.85 on Friday.
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