In a long-term growth-centric move, DP World has divested a 22.5% stake in its wholly-owned Indian terminal holding company, known as Hindustan Ports Pvt. Ltd. (HPPL), to the National Investment & Infrastructure Fund (NIIF), a domestic, public investment platform engaged in long-term infrastructure financing.
DP World, via its local subsidiary Hindustan Infralog Pvt. Ltd. (HIPL), joined NIIF in 2018 to explore new growth opportunities in India, targeting investment worth US$3 billion.
The latest...
https://container-news.com/dp-world-secures-us300-million-via-divestment-to-expand-indian-footprint/