iBus to get $200 mn from NIIF
Mint Mumbai|February 22, 2024
Once concluded, this will be the Master Fund's second investment in digital infrastructure
Ranjani Raghavan

Government-backed National Investment and Infrastructure Fund (NIIF) has agreed to invest $200 million (₹1,658 crore) in digital infrastructure company iBus for a controlling stake, two people aware of the development said.

iBus Network and Infrastructure Pvt. Ltd, which is backed by Morgan Stanley Infrastructure Partners, will use the money to finance its expansion. "This is largely a primary investment," the first of the two people cited above said on condition of anonymity.

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