Tag: NIIF

NIIF to acquire controlling stake in IDFC Infrastructure Finance.

National Investment and Infrastructure Fund (NIIF), India’s first sovereign wealth fund announced that it has acquired IDFC Infrastructure Finance (IDFC-IFL), an infrastructure debt fund. This acquisition is the first investment from NIIF’s strategic fund. The acquisition is subject to approval from RBI and customary closing conditions. The company has a loan book of more than Rs…