NIIFL invests â¹2,100 cr in Manipal Hospitals The funding comes close on the heels of billionaire entrepreneur Ranjan Pai-led Manipal Hospitals acquiring Columbia Asia Hospitals in India for â¹2,100 crore last November. Image: Narendra Bisht Indiaâs sovereign wealth fund, the National Investment and Infrastructure Fund Limited (NIIFL), on Thursday said that it has invested â¹2,100 crore in Bengaluru-headquartered Manipal Hospitals through its private equity fund NIIF Strategic Opportunities Fund (SOF), its first investment in the Indian healthcare sector. The deal comes close on the heels of billionaire entrepreneur Ranjan Pai-led Manipal Hospitals acquiring Columbia Asia Hospitals in India for â¹2,100 crore last November, making it the countryâs second-largest hospital chain after Chennai-based Apollo Hospitals.