NIIF fund to invest in Indian hospital portfolio
National Investment and Infrastructure Fund Limited (NIIFL) has announced an investment of INR 21 billion (US$ 286.54 million) in Manipal Hospitals through its NIIF Strategic Opportunities Fund (SOF). The transaction has been signed by both parties and the closing of the transaction is subject to receipt of certain approvals.
Headquartered in Bengaluru, India, Manipal Hospitals operates and manages 6,000 beds across 15 hospitals. Its main focus is to develop an affordable, high-quality healthcare framework through its multispecialty and tertiary care delivery spectrum and further extend it to homecare.
Country updates
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April 07, 2021
Financial close achieved for Kolkata's sewage PPP project
WABAG, the project owner for Kolkata Metropolitan Development Authority's Hybrid Annuity Model (HAM) concession, has achieved financial close for the sewage treatment infrastructure project. The...
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April 05, 2021
Adani Transmission to acquire Warora-Kurnool Transmission Limited
Adani Transmission Limited (ATL) has signed agreements with Essel InfraProjects Limited (EIL) for the acquisition of Warora-Kurnool Transmission Limited (WKTL). WKTL has been awarded a conce...
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March 31, 2021
SPV incorporated for NH 151 expansion PPP in India
Dilip Buildcon has incorporated a special purpose vehicle (SPV) for Dhrol Bhadra Highways, a wholly-owned subsidiary of the company. The SPV is for the Expansion of the NH-151 highway PPP project...
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March 29, 2021
Power Grid signs agreement for acquisition of 74% stake in Jaypee Powergrid Ltd
Power Grid Corp. India Ltd (PGCIL) has signed a Share Purchase Agreement to acquire 74 % from Jaiprakash Power Ventures Limited (JPVL) in Jaypee Powergrid Ltd (JPL). JPL owns and operates a...
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March 25, 2021
Contract awarded for toll operate transfer road PPP project in Gujarat
Adani Road Transport, a wholly-owned subsidiary of Adani Group, has received a letter of acceptance for the toll operate transfer road project in Gujarat from the National Highways Authority of India....
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