The Abu Dhabi Investment Authority (ADIA) will invest $1billion in the National Investment and Infrastructure Fund (NIIF), marking the start of India’s ambitious attempt to raise equity funds for the infrastructure sector.
The agreement has been signed between NIIF Master Fund and a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA), one of the largest sovereign wealth funds in the world, NIIF said in a statement.
ADIA will become the first institutional investor in NIIF’s Master Fund and a shareholder in National Investment and Infrastructure Ltd, the NIIF’s investment management company. Read More…
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