NIIF to invest Rs 22.5 billion for a 22.5 per cent stake in Hindustan Ports

The NIIF will invest Rs 22.5 billion for a 22.5 per cent stake in DP World’s wholly owned subsidiary, Hindustan Ports, in order to expand the partnership. The deal is expected to close by the first quarter of 2023 and is subject to customary completion conditions. Hindustan Ports operates five container terminals, managing more than 5 million TEU or standard 20 feet container unit capacity. It accounts for a market share of over 20 per cent.