# CLP Holdings sells 40% stake in CLP India to CDPQ for INR 26.4B

CLP Holdings agreed to sell a 40% stake in its subsidiary CLP India to CDPQ for INR 26.4 billion, with CLP retaining 60% ownership.

- Type: Acquisition
- Announced: 2018-09-13
- Where: India
- Value: $370.0M (26.4B INR)
- Status: announced
- Products: power generation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [CDPQ](https://endata.com/companies/1260.md) (investor)
- [CLP Holdings](https://endata.com/companies/20336.md) (partner)
- [CLP India](https://endata.com/companies/34294.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/151862.html), 2018-09-13: "中电及CDPQ对中电印度的策略一致，并预料在两名股东的策略及财务支持下，中电印度将可加快业务长远的可持续增长，拥有规模更大和更多元化的业务组合。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.