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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