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National Investment And Infrastructure Fund Bags $1 Billion Deal

Abu Dhabi Investment Authority to become the first institutional investor in NIIF's master fund.

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National Investment And Infrastructure Fund Bags $1 Billion Deal

The corpus of NIIF is proposed to be about $6 billion.

Mumbai: The National Investment and Infrastructure Fund (NIIF) on Monday said it signed a $1 billion investment deal with a unit of Abu Dhabi Investment Authority (ADIA) - one of the largest sovereign wealth funds in the world.

NIIF, a quasi-sovereign wealth fund, said ADIA will become the first institutional investor in its master fund.

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The corpus of NIIF, created by the government to boost infrastructure financing, is proposed to be about $6 billion, with a 49 per cent investment from the government.
© Thomson Reuters 2017


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