ADIA-Backed India Fund to Seek $4 Billion for Infrastructure [Yahoo! Finance]
ICICI Bank Limited (IBN)
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Source: Yahoo! Finance
matter, amid the government's drive to upgrade infrastructure across the country. Most Read from Bloomberg How Air Conditioning Took Over the American Office The Outsized Cost of Expanding US Roads Hong Kong's Arts Hub Turns to Selling Land to Stay Afloat The National Investment & Infrastructure Fund, backed by the Indian government and several global investors, is looking to raise money early next year, the people said, asking not to be identified discussing private information. The new fund would be much larger than the predecessor Master Fund that closed in December 2020 with $2.34 billion, and would mark a restart of activities under a new chief executive officer. NIIF is also raising capital for its private markets fund, and will consider a new private equity fund after the infrastructure fundraise, one of the people said. The firm underwent a rough patch with its biggest shareholder the Indian government over resource allocation and direction, Bloomberg earlier rep
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