NIIF is set to acquire a majority stake of 55-60% in iBus Networks, a leading provider of in-building wireless solutions in India, for Rs 1,600 crore ($200 million). The current minority stakeholder, Morgan Stanley India Infrastructure Fund, will retain its position, and the company s management will continue to run the business. iBus Networks offers in-building sharing (IBS) and last-mile connectivity solutions, serving clients such as Airtel, Jio, and Vodafone Idea.
Talks have been initiated for raising the funds, part of which will be used towards capex and organic growth, as it seeks to expand services and solutions into 5G, internet of things and wi-fi,