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The Mumbai-based fund, backed by the government alongside global investors, is capitalizing on a big funding gap in the urban infra sector

Race for NIIF-backed Ayana Renewable Power: ONGC emerges as lead suitor

NIIF with 51 percent stake is the controlling shareholder of Ayana Renewable Power, with British International Investment and Eversource Capital holding 32 percent and 17 percent, respectively

Cube Highways front runner to acquire NIIF road portfolio for $775 mn enterprise value

If concluded, this will be the first exit by NIIF, which began operations in 2019. This will also be the second-biggest road portfolio sale this year.

Canadian pension fund CPPIB, Macquarie, Cube in advanced talks to acquire NIIF’s $1.2 billion road portfolio

At an enterprise value of up to $1.2 billion, this will be the biggest roads deal in the country

NIIF invests $200 million in Ibus to boost digital infrastructure in India

Ibus will be deploying the funds to scale operations in an organic way by expanding its capacities and for inorganic growth, according to a statement.

NIIF invests $200 million in iBus Network for majority stake

The funds will be deployed towards scaling iBUS’ operations through organic and inorganic growth initiatives, the companies have said

Canadian pension fund CDPQ, Cube Highways eye NIIF’s $1.2 billion road portfolio

At an enterprise value of $1.2 billion, this will be the biggest road deal in the country

NIIF appoints Sanjiv Aggarwal CEO and Managing Director

NIIFL, which is 49% owned by the India government, manages around $5 billion of equity capital commitments across different funds.

NIIF and JBIC launch $600 million India-Japan Fund to boost investments in environmental sustainability

NIIF Limited (NIIFL) and JBIC IG (a subsidiary of JBIC) will support NIIFL in promoting Japanese investments in India and manage the $600 million fund.

Govt gets over Rs 3,400 crore dividend from NIIF, ECGC

The government has already mopped up Rs 5,200 crore as dividends from public sector companies so far in the current fiscal.

NIIF plans to raise at least Rs 20,000 crore for infra investment trust

The vehicle would include some assets from Athaang Infrastructure, which operates toll roads, according to one of the people, who declined to be identified because the information is private.

NIIF appoints Rajiv Dhar as interim CEO

The appointment is effective May 11, NIIF said in a statement.

Temasek-owned Sheares seals the deal to pick up majority stake in Manipal Hospitals

Prior to the deal, Sheares Healthcare India, an existing shareholder in Manipal Health Enterprises, held around 18 percent stake. Sheares manages a portfolio of healthcare delivery assets for Singapore-headquartered investment major Temasek.

$4 billion investment fund NIIF faces questions from government

Critics inside and outside the government complain that NIIF — which handles about $4.3 billion in assets — lacks vision, decisiveness and the ability to win over investors.

GMR Airports, NIIF announce financial partnership; NIIF to invest in 3 airport projects

The investment by NIIF will include the Rs 631 crore in the greenfield international airport at Mopa (Goa), which is set for inauguration on December 11.

NIIF, JBIC sign an MoU to enhance Japanese investments in India

The memorandum of understanding (MOU) outlines a partnership framework between NIIF and JBIC, which is considering the establishment of a bilateral India-Japan Fund (IJF).

Shapoorji Pallonji Group sells entire stake in Jammu highway project to NIIF for $290 million

The group in a statement said SP Jammu Udhampur is the developer for the Jammu-Udhampur highway project under a concession from the National Highways Authority of India on a build-operate-transfer (annuity) basis.

MC Exclusive | Promoters of Manipal Hospitals in talks to buy part stake from TPG; deal may value firm at Rs 18,000-Rs 20,000 crore

Bengaluru-based Manipal Hospitals which is targeting an IPO in the next two to three years is also backed by Singapore’s Temasek and quasi sovereign wealth fund National Investment and Infrastructure Fund (NIIF).

NIIF in talks with L&T to invest up to Rs 4,000 crore in Hyderabad Metro

L&T has reportedly also sought a soft loan of up to Rs 5,000 crore from the Telangana government

NIIF to invest Rs 2,100 crore in Manipal Hospitals; seals debut investment in domestic healthcare segment

NIIF will now join private equity funds TPG & Temasek who are existing investors in Ranjan Pai-controlled Manipal Hospitals

Budget 2021: Higher spends on infra, capex to help revive capital goods sector

Capital goods companies believe that the cascading effect of the government spending on capex and infrastructure will boost their order book and help them recover fast from the COVID-19 pandemic.

National Investment and Infrastructure Fund announces final close of Master Fund at $2.34 billion

Top investors include Canada’s Public Sector Pension Investment Board, US International Development Finance Corporation and existing investor Axis Bank, who together invested $107 million.

Atmanirbhar Bharat 3.0: FM Sitharaman announces equity infusion of Rs 6,000 crore into NIIF debt platform

The new stimulus measures unveiled by Finance Minister Nirmala Sitharaman are aimed at providing relief to the Indian economy reeling under the impact of the novel coronavirus pandemic.

Can NIIF provide the much-needed financial firepower to roads sector?

Anchored by the Union government, NIIF manages over $4.3 billion of equity capital commitment across its three funds – Master Fund, Fund of Funds and Strategic Opportunities Fund.

ADB to invest $100 million in Indian infrastructure sector via NIIF

The Manila-based body will be investing in the National Investment and Infrastructure Fund's (NIIF) “fund of funds” which will ensure that the actual money invested will be a few times more than the USD 100 million.