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NIIF makes equity investment of less than Rs 5,000 crore in 5 years


NIIF makes equity investment of less than Rs 5,000 crore in 5 years
PTI
New Delhi |
Updated on
January 24, 2021
NIIF has made an equity investment of Rs 4,689 crore, while the co-investment by its partners stood at about Rs 7,053 crore at the end of September 2020.   -  P V SIVAKUMAR
NIIF has made an equity investment of Rs 4,689 crore, while the co-investment by its partners stood at about Rs 7,053 crore at the end of September 2020.   -  P V SIVAKUMAR×
The National Investment and Infrastructure Fund (NIIF) in its five years of existence has made an equity investment of less than Rs 5,000 crore in infrastructure projects, sources said. ....

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India's infra-focused wealth fund NIIF closes master fund at $2.3b, floats new vehicle


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NIIF completes fund raise for $2.3 bn Master Fund in fifth and final round


The NIIF Master fund primarily invests in operating assets in core infrastructure sectors, primarily transportation and energy.
The Public Sector Pension Investment Board (PSP Investments) of Canada, US International Development Finance Corporation (DFC), and Axis Bank have inked pact for investments of about $107 million cumulatively with the NIIF Master Fund. International investors have rights to co-invest an additional $3 billion alongside the Fund.
These investments mark the fifth and Final Close of the NIIF Master Fund, NIIF said in a statement.
DFC and PSP will join the other investors of the Master Fund as shareholders of NIIF Ltd, the investment manager. DFC and PSP Investments join the Government of India (GoI), Abu Dhabi Investment Authority (ADIA), AustralianSuper, CPP Investments, Ontario Teachers’ Pension Plan, Temasek, HDFC Group, ICICI Bank, among others. ....

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