NIIF

Industry lobby CII on Sunday urged the government to establish a professionally managed India Development and Strategic Fund to finance the country's long-term growth, resilience, and secure critical economic interests abroad. India needs a twin-armed India Development and Strategic Fund (IDSF) to power growth and secure the country's strategic future, the Confederation of Indian Industry (CII) said. Conceived as a national fund, IDSF would mobilise patient, long-horizon capital to build India's productive capacity at home and secure critical economic interests abroad, it added. CII believes that with disciplined design and funding, IDSF could, over the next two decades, build a managed corpus in the range of USD 1.3 to 2.6 trillion by 2047, comparable in ambition and credibility to the world's leading sovereign investors. The proposed capitalisation roadmap includes a modest initial budgetary allocation to establish credibility, followed by systematic channelling of a share of ass

The Finance Ministry has called on NIIF to leverage its sovereign-backed model, diversify funding sources and attract international investors by strengthening its global profile

The fund will focus on performing credit, aiming to channel international capital into the Indian economy

The refinancing was secured from NIIF Infrastructure Finance Limited (NIIF IFL), an infrastructure debt fund dedicated to refinancing operational infrastructure projects

Separately, NIIF IFL will also raise up to Rs 3,500 crore through non-convertible debentures to carry out refinancing operations

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 .

The National Investment & Infrastructure Fund, backed by the Indian government and several global investors, is looking to raise money early next year

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

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

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 ...

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

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

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

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

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

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.

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

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