NIIF

The Competition Commission of India (CCI) on Thursday cleared the acquisition of stake in Hindustan Ports Pvt Ltd by National Investment and Infrastructure Fund (NIIF). The proposed transaction relates to NIIF's acquisition of up to 25 per cent in Hindustan Ports Pvt Ltd (HPPL). The regulator also approved the merger of Hindustan Infralog Pvt Ltd (HIPL) into HPPL. In a tweet on Thursday, the CCI said it has approved the "acquisition of up to 25 per cent shareholding in HPPL by National Investment and Infrastructure Fund and proposed merger of HIPL into HPPL". Last year in June, NIIF said it has invested Rs 2,250 crore in HPPL, a local arm of UAE's DP world. NIIF is an alternative investment fund and is sponsored and anchored by the government. HIPL and HPPL are engaged in providing container terminal services. In a separate tweet, the watchdog said it has given its nod to acquisition of 100 per cent equity shareholding of Lanco Anpara Power Ltd (LAPL) by Megha Engineering and ...

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Only NIIF has so far stayed the course as a viable infrastructure financing institution, using sovereign support

The investment will be made via compulsory convertible debentures in GMR Goa International Airport, the special purpose vehicle (SPV), which will operate the new airport in Goa

Finance Minister Nirmala Sitharaman on Thursday asked the National Investment and Infrastructure Fund (NIIF) to leverage India's attractive investment fundamentals to expand its operations.

Contract for the project, which connects with Mata Vaishno Devi shrine, allowed the firm to collect a semi-annual sum for 20 years

The interim CEO's job is learnt to have gone to Sanjay Kumar Jain, and the government has appointed its nominees to the board of the corporation

This is the single largest investment by NIIF's master fund and takes the vehicle's total investment in DP World's India arms to $500 million, as per an official statement

While the move does not put Ather Energy in the unicorn club, it definitely brings it within striking distance

Manipal Hospitals had signed a deal to acquire India biz of Columbia Asia Hospitals last year.

Momaya, who was with the US firm's infrastructure investment management division, will join NIIF as a partner in early May, says a person aware of the development

NIIF has invested of Rs 4,689 cr since December 2015 inception, while the co-investment by its partners stood at about Rs 7,053 crore at the end of September 2020

The finance ministry has prepared a note for Modi's cabinet to discuss the proposal

NHAI plans to put at least two-three projects worth Rs 5,000-6,000 crore under the InvIT by March-end.

PSP Investments, DFC of US, Axis Bank ink pact for $107 million cumulative commitment; International investors have rights to co-invest an additional $3 billion

Says govt initiated big reforms in agriculture and labour codes

CDC will put in $70 million as addl equity, NIIF $284 million and GGEF $36 million. The commitment is subject to final approval processes

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The move is part of the 'Aatmanirbhar Bharat 3.0' package announced earlier this month

According to sources, the fund infusion would be made into the infra debt fund and infra finance company floated by the quasi-sovereign wealth fund