Singapore’s Temasek to invest $400m in NIIF’s Master Fund

The National Investment and Infrastructure Fund (NIIF) on Thursday said that it had signed an agreement for investment of up to $400 million with Singapore-based Temasek. With this investment, Temasek joins government of India, Abu Dhabi Investment Authority (ADIA), HDFC Group, ICICI Bank, Kotak Mahindra Life Insurance and Axis Bank as investors in NIIF’s Master Fund.

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