Private Equity

PE Fund Investments

DP World's container terminal subsidiary raises $300-M from NIIF

Business Standard  

The Indian government-promoted National Investment and Infrastructure Fund (NIIF) has invested USD 300 million or INR 2,250 crore for a 22.5 % stake in Hindustan Ports, a local arm of UAE's DP World. Hindustan Ports operates five container terminals, managing more than 5 million TEU or standard 20-ft container unit capacity, and accounts for a market share of over 20%. It operates two terminals in Mumbai, and one each at Mundra, Chennai and Cochin. The new investment is the single largest by NIIF's master fund and takes the vehicle's total investment in DP World's Indian units to USD 500 million. The investment from the NIIF master fund extends the existing DP World and NIIF partnership, formed through the creation of Hindustan