India’s National Investment & Infrastructure Fund (NIIF) is reportedly in talks to raise INR 20bn ($244m) for an infrastructure investment trust, which will include assets from Athaang Infrastructure. The fund intends to complete its private placement in September. As we previously reported, NIIF aims to develop a capital-raising structure to tackle a shortfall in infrastructure spending in India. The development of an infrastructure investment trust (InvIT) could help make up the shortfall in investment. The vehicle is like a mutual fund and pools assets for financing projects, and would allow investors to receive income from the projects. Investors include Singapore’s Temasek Holdings Pte and Abu Dhabi Investment Authority.
NIIF seeks to raise $244 million for infrastructure development
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