CPPIB to invest $600 mn via National Investment and Infrastructure Fund

The National Investment and Infrastructure Fund (NIIF) of India and Canada Pension Plan Investment Board (CPPIB) have agreed for CPPIB to invest up to $600 million through the NIIF Master Fund. The agreement includes a commitment of $150 million in the NIIF Master Fund and co-investment rights of up to $450 million in future opportunities to invest alongside the NIIF Master Fund. The NIIF Master Fund invests equity capital in core infrastructure sectors in India, with a focus on transportation, energy and urban infrastructure.

Static/Current Takeaways Important For IBPS SO 2019:

  • National Investment and Infrastructure Fund of India MD and CEO: Sujoy Bose.

Source: The Hindu

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