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

India’s National Investment and Infrastructure Fund (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 their partnership. The deal is expected to close by the first quarter of 2023 and is subject to customary completion conditions. With this transaction, the NIIF investment under this partnership will reach around $500 million.