India's National Fund invests $300 million in a company owned by dbworld

DB World announced the expansion of its existing partnership with the National Investment and Infrastructure Fund of India, whereby the fund will invest a seed capital of 22.5 billion Indian rupees (about $300 million) in an equity stake of approximately 22.5% in Hindustan Ports Private Limited. It is a wholly owned subsidiary of DB World Group.

individual investment

The fund's investment under this deal, which is the largest single investment by the National Prime National Investment and Infrastructure Fund, will amount to about $500 million, subject to the usual completion conditions, and is expected to close no later than the first quarter of 2023.

important platform

Hindustan Ports Private Limited is one of the leading container terminal platforms in India, with a proven track record of long-term growth.

It operates five container terminals, handling more than five million TEUs, representing a share of more than 20% in the Indian national market, while these terminals are located in strategic growth centers including Mumbai, Mundra, Chennai and Cochin.

This investment from the flagship fund of the Indian National Investment and Infrastructure Fund will expand the existing partnership between DB World and the Indian National Fund, which was established through the establishment of Hindustan Infralog Private Limited in 2018.

Partnership expansion

Sultan Ahmed bin Sulayem, Chairman and CEO of DB World Group, said: “Expanding our partnership with the Indian National Investment and Infrastructure Fund, which includes our strategic Indian port platform, is a natural extension of our current relationship and unifying the efforts of both parties to focus on providing Comprehensive supply chain solutions.

He added: “Since the beginning of this partnership with the Fund, we have made significant progress in building an extensive internal infrastructure network for logistics services, which comes to complement our container ports platform.

India continues to have a wide and significant range of opportunities, and this transaction will allow us to accelerate investment across ports and logistics, to increase returns for our stakeholders.”

 For his part, Managing Director and CEO of the National Investment and Infrastructure Fund of India, Sujoy Bose, said: “This investment will enable both local and international investors in the fund to gain the required momentum in the sector, through a unique scalable platform, with a large presence for them. Through sea container terminals and the logistics infrastructure for inland containers.

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