First Investment Agreement signed between NIIF and Abu Dhabi Investment Authority

Posted on:17 Oct 2017 09:52:46
First Investment Agreement signed between NIIF and Abu Dhabi Investment Authority
17 October 2017 Current Affairs: India’s National Investment and Infrastructure Fund (NIIF) of India on has signed an investment agreement worth $1 billion with Abu Dhabi Investment.

With this, ADIA became first institutional investor in NIIF’s Master Fund and shareholder in NIIF’s investment management Company. NIIF is claimed to be India’s first sovereign wealth fund.

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