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Canada’s PSP, USA’s DFC, Axis Bank invest $107 million in NIIF’s master fund
The NIIF also announced that it is now targeting to raise $ 2.1 billion for a private equity fund.
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| A+A A- By Express News Service
NEW DELHI: The National Investment and Infrastructure Fund (NIIF) on Monday announced a slew of investments by bigshots such as the Public Sector Pension Investment Board (PSP Investments) of Canada, US federal government’s International Development Finance Corporation (DFC) and Indian lender Axis Bank and a rupee equivalent size $2.34 billion.
The NIIF, set up by the government to channelise investments into its ambitious pipeline of over Rs 1 lakh crore worth of infrastructure projects, said these investments were worth about $107 million. It also marks the fifth and Final Close of the Master Fund, NIIF said. The master fund is India’s largest domestic infrastructure equity fund.
Canada's PSP, US' DFC, Axis Bank Invest $107 Million In NIIF's Master Fund moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.