NIIF-backed Aseem Infra Finance onboards Japanese bank SMBC as strategic investor

The Sumitomo Mitsui Banking Corporation (SMBC) has joined the Natio­nal Investment and Infrastructure Fund (NIIF)-incubated Aseem Infrastruc­ture Finance Limited (AIFL) as a strategic investor with a 10 per cent stake. AIFL, in partnership with its associate NIIF Infrastructure Finance (NIIF IFL), will assist in addressing the country’s mounting infrastructure debt. The NIIF incubated AIFL through its strategic opportunities fund. The two NBFCs are regulated by the RBI and have robust governance mechanisms as well as competent management teams in place.

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