India: CPPIB plans to acquire 35% stake in JM Baxi unit for $200m

Mumbai-based logistics firm JM Baxi is in the final stages of discussions to raise ₹1,400 crore as equity investment from the Canada Pension Plan Investment Board (CPPIB), three people aware of these discussions said. The group houses several businesses such as logistics services, cold chain storage, cargo terminal handling at ports and managing inland container depots.