Canada-India Dispute: Several Companies Affected by the Ongoing Tensions
Canada-India Latest News: The impact of ongoing tensions between Canada and India may now be felt in the financial market and among Indians living in Canada. The shares owned by the Canada Pension Plan Investment Board, one of the largest foreign portfolios, are under pressure due to tensions between the two nations. The Canada Pension Plan Investment Board (CPPIB) owns 1.47 percent of Nykaa, 1.76 percent of Paytm, 2.37 percent of Zomato, and 6 percent of Delhivery.
Companies Affected by India-Canada Dispute
Kotak Mahindra Bank also holds funds for the Canada Pension Plan Investment Board. The CPPIB’s stake in this is 2.68 percent, worth Rs 9500 crore. In addition, a 2.18 percent interest in Indus Tower is valued at Rs 1087 crore. Meanwhile, BLS International, a Canadian company that provides visa application services, has stopped the visa application. However, no formal notice regarding this has yet been issued. According to BLS International, visa services at the Canadian centre have been discontinued until further notice.
