Private equity firm Multiples Alternate Asset Management (Multiples PE) and two investment entities co-owned by pension funds Canada Pension Plan Investment Board (CPPIB) and PGGM and development finance institution CDC have invested INR850 million (approximately US$12.4 million) for an additional 2.6 percent stake in India-listed multiplex theater chain operator PVR. Multiples PE structured its transaction through Multiples Private Equity Fund II. PVR operates multiplexes under the name PVR Cinema and also engages in film production, co-production and distribution of Indian and international films.