On Wednesday, the National Investment and Infrastructure Fund (NIIF) was promoted by the Indian government. This fund had invested USD 300 million or Rs 2,250 crore for a 22.5 per cent stake in Hindustan Ports as a local arm of UAE’s DP World.

• Raymond Jumps 4% on Ex-BEL Chief’s Defence Appointment
• Supriya Lifescience Falls 12% on NDPS Act Proceedings
• Radico Hits Record High as Magic Moments Sales Soar 43%
• GK Energy Rallies on Rs 235.92 Crore Solar Pump Order
• Cupid Hits Fresh 52-Week High on Rs 128 Crore Block Deal

NIIF is the most significant investment by the master fund, which takes the vehicle’s total investment in DP World’s India arms to USD 500 million.

More than 5 million terminals TEU or standard 20ft container unit capacity and accounts for a market share of over 20 per cent were managed by Hindustan Ports.