Business Standard

NIIF

NIIF-backed Aseem Infra Finance to raise Rs 1,000 crore in equity in FY25

At present, NIIF holds a 59% stake, followed by 31% held by the Government of India, and SMBC holds the remaining 10% stake

NIIF-backed Aseem Infra Finance to raise Rs 1,000 crore in equity in FY25
Updated On : 24 Jun 2024 | 8:01 PM IST

NIIF-backed Digital Edge to invest Rs 1,400 cr in Navi Mumbai data centre

Plans to expand capacity to over 300 Mw in 7-8 years; taps SBI for term loan

NIIF-backed Digital Edge to invest Rs 1,400 cr in Navi Mumbai data centre
Updated On : 18 Mar 2024 | 5:29 PM IST

NIIF commits Rs 207 cr to Amicus for tech-enabled manufacturing, healthcare

National Investment and Infrastructure Fund Ltd (NIIF) on Monday announced a commitment of Rs 207 crore to private equity firm Amicus Capital for supporting tech-enabled speciality manufacturing, healthcare and financial services firms. NIIF Fund of Funds-I, the first fund under its private markets business (PMF-I), has made the commitment to Amicus Capital Partners India Fund II. With a target size of USD 200 million, Amicus Capital Fund II expects to support businesses that leverage technology to scale, early in their growth journey, across sectors such as speciality manufacturing, technology & business services, healthcare, financial services and other sectors, a joint statement said. Founded in 2016, Amicus Capital is an emerging fund manager with a strong track record in the early growth segment, it said. PMF-I backs established and emerging fund managers who have demonstrated a strong track record, an institutional mindset and a commitment to follow high standards of ...

NIIF commits Rs 207 cr to Amicus for tech-enabled manufacturing, healthcare
Updated On : 19 Feb 2024 | 8:47 PM IST

NIIF's India-Japan Fund to put Rs 400 cr in M&M's last-mile mobility arm

IJF will invest Rs 400 crore at a valuation of up to Rs 6,600 crore, resulting in ownership ranging between 6.06 per cent and 8.25 per cent stake in MLMML

NIIF's India-Japan Fund to put Rs 400 cr in M&M's last-mile mobility arm
Updated On : 11 Jan 2024 | 1:11 PM IST

Sanjiv Aggarwal appointed as NIIF's CEO and MD, to take charge in Feb

Sanjiv Aggarwal's appointment will be effective in February 2024. He succeeds Rajiv Dhar, who has served as interim CEO & MD since May 2023

Sanjiv Aggarwal appointed as NIIF's CEO and MD, to take charge in Feb
Updated On : 05 Jan 2024 | 12:02 PM IST

NIIF-backed shadow bank considers raising $100 mn with $600 mn valuation

The Indian shadow bank aims to complete the funding round by the end of March, said another person. Deliberations are ongoing and details of the fundraising could still change

NIIF-backed shadow bank considers raising $100 mn with $600 mn valuation
Updated On : 12 Dec 2023 | 12:42 PM IST

Actis's Sanjiv Aggarwal said to be frontrunner for India NIIF CEO job

The board of the National Investment & Infrastructure Fund has recommended Aggarwal for the role of Chief Executive Officer, the people said, asking not to be identified as the information is private

Actis's Sanjiv Aggarwal said to be frontrunner for India NIIF CEO job
Updated On : 15 Nov 2023 | 10:49 AM IST

NIIF launches $600 mn India-Japan bilateral fund in collaboration with JBIC

Fund aims investments renewables, e-mobility, and circular economy

NIIF launches $600 mn India-Japan bilateral fund in collaboration with JBIC
Updated On : 04 Oct 2023 | 7:02 PM IST

Govt gets over Rs 3,400 cr dividend from NIIF, ECGC: DIPAM Secretary

The government has received over Rs 3,400 crore as dividend tranches from NIIF and ECGC. The government has already mopped up Rs 5,200 crore as dividend from public sector companies so far in the current fiscal. "Government has respectively received about Rs 3,031 crore and Rs 434 crore from National Investment and Infrastructure Fund Ltd (NIIFL) and ECGC as dividend tranches," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey tweeted.

Govt gets over Rs 3,400 cr dividend from NIIF, ECGC: DIPAM Secretary
Updated On : 31 Jul 2023 | 3:43 PM IST

NIIF appoints Rajiv Dhar as interim MD & CEO; Sujoy Bose demits office

State-backed collaborative investment platform doesn't give timeline for making a full-time appointment

NIIF appoints Rajiv Dhar as interim MD & CEO; Sujoy Bose demits office
Updated On : 11 May 2023 | 11:23 AM IST

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
Updated On : 09 Feb 2023 | 11:00 PM IST

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
Updated On : 23 Dec 2022 | 9:08 AM IST

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
Updated On : 20 Dec 2022 | 10:06 PM IST

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
Updated On : 07 Dec 2022 | 11:37 PM IST

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
Updated On : 17 Nov 2022 | 6:02 PM IST

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
Updated On : 02 Aug 2022 | 3:29 PM IST

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
Updated On : 24 Jul 2022 | 10:39 PM IST

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
Updated On : 30 Jun 2022 | 12:06 AM IST

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
Updated On : 12 May 2022 | 3:00 PM IST

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
Updated On : 01 Apr 2021 | 10:41 PM IST