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Canadian fund enjoys a ‘ratchet clause’ cushion over Bangalore airport stake

By TEAM VCC

  • 09 Apr 2020
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Canadian fund enjoys a ‘ratchet clause’ cushion over Bangalore airport stake
Credit: 123RF.com

A Canadian pension fund that picked up an indirect stake in the Bangalore airport recently has an anti-dilution clause to protect the value of its holding, it is learnt. Ontario Municipal Employees’ Retirement System (OMERS) had taken an 11.5% stake in Anchorage Infrastructure Investments Holdings Ltd, the holding company of Bangalore ......

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