The loss-making venture, L&Ts single-biggest investment in a project, has been suffering on account of cost and time overruns, and loss of traffic, made worse by lockdowns during the Covid pandemic.
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The investment, made through its NIIF Strategic Opportunities Fund (SOF), the direct private equity fund of NIIF, marks SOF’s first investment in the Indian healthcare sector.
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Manipal Hospitals, headquartered in Bengaluru, has a major presence across India with 15 hospitals and a key focus on tertiary and quaternary care.
India s quasi sovereign wealth fund - National Investment and Infrastructure Fund Limited (NIIFL) has invested Rs 2,100 crore in Manipal Hospitals, one of India’s largest multi-speciality healthcare provider.
The investment, made through its NIIF Strategic Opportunities Fund (SOF), the direct private equity fund of NIIF, marks SOF’s first investment in the Indian healthcare sector.
SHV, NIIF look to buy stake in Fourth Partner Energy
Fourth Partner Energy (4PEL) is building solar parks in Uttar Pradesh, Maharashtra and Tamil Nadu.bloomberg
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Netherlands’ SHV Energy and India’s quasi-sovereign wealth fund National Investment and Infrastructure Fund (NIIF) are separately looking to buy a stake in Hyderabad-based Fourth Partner Energy (4PEL) for about $150 million, two people aware of the development said.
Fourth Partner Energy focuses on the commercial and industrial (C&I) segment and has an operational portfolio of 400MW. It is building solar parks in Uttar Pradesh, Maharashtra and Tamil Nadu.
India sovereign fund NIIF hires Morgan Stanley infrastructure dealmaker Momaya
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NIIF0, which is backed by other global sovereign funds such as Temasek Holdings and Abu Dhabi Investment Authority, manages more than $4.4 billion in equity across its three funds, its website shows
(AP)
Baiju Kalesh
, Bloomberg
Morgan Stanley executive director Ami Momaya, who was with the US firm’s infrastructure investment management division, will join NIIF as a partner in early May
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India’s sovereign wealth fund National Investment and Infrastructure Fund Ltd. has hired Morgan Stanley executive director Ami Momaya, people familiar with the matter said.