India’s National Investment and Infrastructure Fund (NIIF) has agreed to purchase a 22.5% stake in DP World’s wholly owned subsidiary Hindustan Ports Private Limited (HPPL) for Rs22.5bn ($300m).
With the latest deal, the investment of Indian sovereign wealth fund NIIF under this partnership stands at nearly $500m.
A key container terminal platform in the country, HPPL runs five container terminals.
These terminals are located in strategic growth locations, including two in Mumbai and one each in...
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