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NIIF INJECTS $200M INTO IBUS FOR EXPANDING DIGITAL INFRASTRUCTURE.
Why in the news?
NIIF’s $200 million investment in iBUS aims to enhance India’s digital infrastructure, aligning with iBUS’s connectivity transformation vision.
About the Investment Details:
- has injected $200 million into iBUS Network and Infrastructure Pvt Ltd.
- The investment aims to bolster India’s digital infrastructure growth.
- Funds will facilitate iBUS’s expansion through both organic and inorganic means.
- Focus areas include in-building solutions, outdoor small cells, managed Wi-Fi services, and venturing into emerging sectors like IoT solutions.
- Development of new infrastructure solutions to meet market demands and technological advancements is also on the agenda.
source:slideserve
What is the National Investment and Infrastructure Fund (NIIF)?
○ Founded in 2015, NIIF is India’s inaugural sovereign wealth fund. ➢ Anchored by the Government of India and global institutional investors. ➢ Aims to boost infrastructure financing, targeting greenfield, brownfield, and stalled projects. ○ Focuses on optimising economic impact through infrastructure investments. Types of NIIF Funds:
· Invests in infrastructure projects like roads, ports, airports, and power. · Also targets established enterprises with long-term agreements in regulated sectors.
· Invests in funds managed by reputable managers. · Acts as anchor investors, attracting institutional investments.
· Registered as Alternative Fund II with SEBI. · Primarily focuses on equity and equity-linked instruments.
All funds registered as Alternative Investment Funds (AIF) with SEBI. |
