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Competition Comm approves NIIF's stake purchase in Hindustan Ports
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 ...
 "Competition Comm approves NIIF's stake purchase in Hindustan Ports")
Top Headlines: PM Modi cautions against Covid, GAIL's LNG hunt, and more
Business Standard brings you the top headlines at this hour
 "Top Headlines: PM Modi cautions against Covid, GAIL's LNG hunt, and more")
NIIF: How a tortoise among hares made due diligence process NPA-free
Only NIIF has so far stayed the course as a viable infrastructure financing institution, using sovereign support
 "NIIF: How a tortoise among hares made due diligence process NPA-free")
NIIF to make investment of Rs 631 crore in GMR Group's Mopa airport in Goa
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
 "NIIF to make investment of Rs 631 crore in GMR Group's Mopa airport in Goa")
FM Sitharaman exhorts NIIF to leverage India's investment fundamentals
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.
 "FM Sitharaman exhorts NIIF to leverage India's investment fundamentals")
Shapoorji Pallonji sells entire stake in Jammu-Udhampur highway to NIIF
Contract for the project, which connects with Mata Vaishno Devi shrine, allowed the firm to collect a semi-annual sum for 20 years
 "Shapoorji Pallonji sells entire stake in Jammu-Udhampur highway to NIIF")
Centre appoints NLMC interim head; to initiate surplus land monetisation
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
 "Centre appoints NLMC interim head; to initiate surplus land monetisation")
NIIF invests $300 million in DP World container terminal subsidiary
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
 "NIIF invests $300 million in DP World container terminal subsidiary")
Ather Energy raises $128 mn led by NIIF's SOF, Hero MotoCorp & others
While the move does not put Ather Energy in the unicorn club, it definitely brings it within striking distance
 "Ather Energy raises $128 mn led by NIIF's SOF, Hero MotoCorp & others")
NIIF invests Rs 2,100 cr in Manipal Hospitals, its first in health space
Manipal Hospitals had signed a deal to acquire India biz of Columbia Asia Hospitals last year.
 "NIIF invests Rs 2,100 cr in Manipal Hospitals, its first in health space")
NIIF hires Morgan Stanley infrastructure dealmaker Ami Momaya: Report
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 hires Morgan Stanley infrastructure dealmaker Ami Momaya: Report")
NIIF equity investments average less than Rs 1,000 cr in past 5 years
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
 "NIIF equity investments average less than Rs 1,000 cr in past 5 years")
Govt considers creating bank with $13.7 bn equity to fund roads, ports
The finance ministry has prepared a note for Modi's cabinet to discuss the proposal
 "Govt considers creating bank with $13.7 bn equity to fund roads, ports")
Canadian pension fund, LIC and NIIF keen to invest in NHAI InvIT
NHAI plans to put at least two-three projects worth Rs 5,000-6,000 crore under the InvIT by March-end.
 "Canadian pension fund, LIC and NIIF keen to invest in NHAI InvIT")
NIIF completes fund raise for $2.3 bn Master Fund in fifth and final round
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
 "NIIF completes fund raise for $2.3 bn Master Fund in fifth and final round")
Bold reforms have ensured steady FDI flow even during pandemic: FM
Says govt initiated big reforms in agriculture and labour codes
 "Bold reforms have ensured steady FDI flow even during pandemic: FM")
NIIF to hold majority stake in CDC's Ayana Renewable after fresh infusion
CDC will put in $70 million as addl equity, NIIF $284 million and GGEF $36 million. The commitment is subject to final approval processes
 "NIIF to hold majority stake in CDC's Ayana Renewable after fresh infusion")
LIVE: Delhi Metro to regulate train services over farmers' protest today
Stay tuned for Latest LIVE news
 "LIVE: Delhi Metro to regulate train services over farmers' protest today")
Union Cabinet approves Rs 6,000 cr infusion in NIIF debt platform
The move is part of the 'Aatmanirbhar Bharat 3.0' package announced earlier this month
 "Union Cabinet approves Rs 6,000 cr infusion in NIIF debt platform")
Atmanirbhar 3.0: Cabinet to consider equity infusion of Rs 6k cr into NIIF
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
