According to regulatory records obtained through business intelligence platform Tofler, electric scooter manufacturer Ather Energy has secured $50 million, with existing backer Caladium Investment serving as the lead investor. The newest fundraising round included participation from Herald Square Ventures as well. After the round, insiders with knowledge of the situation estimated the company’s valuation to […]
NIIF-backed Ayana Renewable crosses 1 GWac operational portfolio mark
Ayana Renewable Power Private Limited, a renewable energy platform that is majority-controlled by National Investment and Infrastructure Fund (NIIF), today announced that its portfolio has crossed 1 GWac of operational renewable energy (RE) capacity. With an operating portfolio of 1.19 GWac, Ayana is one of the largest RE developers in India, a press release from […]
NIIF-owned Ayana Renewable in talks to buy solar energy asset for nearly ₹450 crore – EQ Mag Pro
National Investment and Infrastructure Fund (NIIF)-owned Ayana Renewable Power Private Ltd (Ayana) is in the final stage of discussion…Read More…
Ayana Renewable Power hits $721 million in funding as CDC, NIIF and GGEF agree to inject further capital
The fresh capital will boost India’s clean energy generation to help combat climate change. This will help to ensure clean energy reaches states across India. It reiterates the UK and India’s partnership for the UN Sustainable Development Goals. CDC Group, the UK’s development finance institution and impact investor, National Investment and Infrastructure Fund (NIIF), […]
National Investment and Infra Fund emerges top bidder for Mahindra Susten’s solar assets
The major operational assets that are to be sold include a 337.5 MW solar park at Rewa, Madhya Pradesh and an 84.5 MW plant at Charanka, Gujarat MUMBAI: The National Investment and Infrastructure Fund (NIIF) is the frontrunner to acquire about 617 megawatts (MW) worth assets of Mahindra Susten, the solar energy EPC platform owned […]
Brookfield, CPPIB, NIIF in race to buy Mahindra’s 600MW solar assets
Mahindra has received offers from six financial investors including Brookfield, Edelweiss, CPPIB and NIIF. It will be shortlisting three bidders for the final round of negotiations Brookfield, Canada Pension Plan Investment Board (CPPIB), National Investment and Infrastructure Fund (NIIF) and Edelweiss Yield Plus Infrastructure Fund are among half a dozen investors in discussions to acquire […]
Canada’s CPPIB to invest up to $600 million in Indian infrastructure fund
The deal includes a commitment of $150 million in NIIF’s Master Fund and co-investment rights of up to $450 million in future opportunities to invest alongside the Master Fund Canada’s biggest public pension fund is investing up to $600 million in India’s National Investment and Infrastructure Fund (NIIF), as it seeks to grow its infrastructure […]
EESL and NIIF Partner for Smart Meters deployment across India
New Delhi: Energy Efficiency Services Limited (EESL) and National Investment and Infrastructure Fund (NIIF) today announced a new Joint Venture, IntelliSmart Infrastructure Private Limited (“IntelliSmart”), to implement, finance and operate the smart meter roll-out program of power distribution companies. Smart meters will lay the foundation for smart grids which will be crucial to meet challenges […]
Australia, Canadian funds to invest up to USD 2 bn through NIIF
New Delhi: The National Investment and Infrastructure Fund (NIIF) on Tuesday said Australia’s largest superannuation fund AustralianSuper and Canada’s Ontario Teachers’ Pension Plan have signed pacts to invest up to USD 2 billion with the NIIF Master Fund. The NIIF invests in equity capital in the country’s core infrastructure sectors with a focus on transportation, […]
SBI, NIIF join hands to provide greater thrust to infra financing
State Bank of India (SBI) and the National Investment and Infrastructure Fund (NIIF) Monday inked a pact to boost availability of capital for infrastructure projects. The scope of the memorandum of understanding (MoU) includes equity investments, project funding, bond financing, renewable energy support and take out finance for operating assets, SBI said in a statement. […]