National Investment And Infrastructure Fund

NIIF gets CCI's approval to acquire additional stake in Ather Energy

The Competition Commission of India has approved the National Investment and Infrastructure Fund's (NIIF) proposal to acquire an additional stake in Ather Energy. The deal was cleared by the competition watchdog under the green channel route. "The acquirer (India-Japan Fund) proposes to acquire certain Series G Compulsorily Convertible Preference Shares of Ather," the regulator said in an order. India-Japan Fund (IJF) is a fund managed by NIIF. The fund focuses on investing in environmental sustainability, and low-carbon emission strategies and promoting investments by Japanese companies in India. The transaction will help IJF further its goals by creating value for the broader market for electric two-wheelers, clean mobility transport solutions, and technology-led last-mile transport vehicles, it added. Ather is engaged in the business of designing and developing electric scooters, while the India-Japan Fund (IJF) is a Sebi-registered alternative investment fund. It focuses on .

National Investment & Infrastructure Fund in talks to raise $244 mn

Infrastructure investment trusts, known as InvIT for short, are like mutual funds and allow pooling of assets for financing projects and can help make up the shortfall in investment

Uttar Pradesh discom scraps Adani's Rs 5,400-crore smart meter bid

UP discoms - including Madhyanchal, Dakshinanchal, Purvanchal and Paschimanchal - representing different regions, had floated tenders for the supply of more than 25 million smart meters

NIIF, India's first state-backed fund, faces questions from government

Critics inside and outside the government complain that NIIF - which handles about $4.3 billion in assets - lacks vision, decisiveness and the ability to win over investors

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

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.

SP Group sells entire stake in Jammu highway project to NIIF for $290 mn

SP Jammu Udhampur is the developer for the Jammu-Udhampur highway project under a concession from the National Highways Authority of India on a build-operate-transfer (annuity) basis

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

Ayana Renewable Power to invest Rs 12,000 cr in two projects in Karna­taka

Ayana Renewable Power Pvt Ltd (Ayana) is scaling up its presence in Karnataka by setting up renewable energy projects totaling 2 gigawatts (GWs) with an investment of Rs 12,000 crore. At present, it has an operational portfolio of 340 megawatt-alternate current (MWAC) in the state, Ayana said in a statement on Wednesday. "The company has signed an expression of interest with the government of Karnataka to develop wind and solar power projects totaling 2 (GW) capacity with an investment of around Rs 120 billion (Rs 12,000 crore). At present, Ayana has an operational portfolio of 340 megawatt-alternate current (MWAC) in the state," it said. With the addition of 2 GW of green capacities, the company aims to to provide clean energy for nearly 2 million households. Karnataka, under its Renewable Energy Policy 2022-27, aims to develop 10 GW of additional renewable energy projects and Ayana is keen to help achieve the target, Shivanand Nimbargi, MD & CEO, Ayana, said. "Karnataka is a big

Manipal Hospitals to sell minority stake to NIIF for Rs 2,100 crore

The amount raised would be partly used to fund the company's acquisition of Columbia Asia Hospitals' India business

Australia's largest investment funds plan entry into India, meet NIIF

These funds collectively manage assets worth Rs 38 trillion, see scope in India despite Covid

A tale of jittery bankers, a stalled deal and GVK's Adani embrace

August-end loan deadline brought GVK to negotiating table

Bidvest moves Delhi HC against GVK, investors in airports holding firm

The lawsuit, filed on Monday, comes at a time when the Union government is seeking foreign direct investment in India, promising ease of doing business to overseas investors.

Canada's CPPIB to invest up to $600 million in Indian infrastructure fund

The deal includes a commitment of $150 million in NIIF's Master Fund and co-investment rights of up to $450 million in future opportunities to invest alongside the Master Fund

Cube Highways' Rs 5,000-cr bid the highest for third lot of TOT projects

The National investment and Infrastructure Fund quoted Rs 4,230 crore while Mumbai-based IRB quoted Rs 3,510 crore

A cobbler's suggestions to mend the economy

One-time restructuring of real estate loans and a large fund to buy toxic assets and equity in banks and NBFCs can bring back the animal spirits in the economy

EESL, NIIF form joint venture to deploy smart meters across India

The new joint venture, named IntelliSmart Infrastructure will implement, finance and operate the smart meter roll-out program of power distribution companies

DP World, NIIF create platform to invest up to $3 bn in ports

NIIF is being operationalised by establishing three Alternative Investment Funds

Abu Dhabi fund's entry to spur investment in infra asset monetisation

The first investment agreement between NIIF and wholly-owned subsidiary of ADIA was for $1 bn