Indian govt-backed NIIF takes majority stake in iBUS Network for $200m
National Investment and Infrastructure Fund Limited has invested $200 million for a majority stake in iBUS Network and Infrastructure Ltd.
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National Investment and Infrastructure Fund Limited has invested $200 million for a majority stake in iBUS Network and Infrastructure Ltd.
NIIF is set to acquire a majority stake of 55-60% in iBus Networks, a leading provider of in-building wireless solutions in India, for Rs 1,600 crore ($200 million). The current minority stakeholder, Morgan Stanley India Infrastructure Fund, will retain its position, and the company's management will continue to run the business. iBus Networks offers in-building sharing (IBS) and last-mile connectivity solutions, serving clients such as Airtel, Jio, and Vodafone Idea.
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