What percentage of shares does Indian Government Holds in NIIF ........

Economic and Social Issues Social Infrastructure

Off late, the National Investment and Infrastructure Fund (NIIF) has been adopting various approaches to mobilize resources for funding infrastructure projects.National Investment and Infrastructure Fund (NIIF) is India’s first sovereign wealth fund that was set up by the Government of India in February 2015.The objective behind creating this fund was to maximize economic impact mainly through infrastructure investment in commercially viable projects, both Greenfield and Brownfield. NIIF was approved in August 2015 by the Department of Economic Affairs. First meeting of its governing council was held in December 2015 further to which it was registered with SEBI as Category II Alternative Investment Fund.As of September 2018, the NIIF manages funds of over US$ 3.4 billion.

What percentage of shares does Indian Government Holds in NIIF?

49.5

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Explanation:

Envisioned in the Union budget 2015, NIIF was launched as an alternative investment fund in December 2016 with a target corpus of ?40,000 crore.NIIF is registered with SEBI as a Category II Alternative Investment Fund with a planned corpus of Rs. 40,000 crore. It is a quasi-sovereign wealth fund, where 49 percent stake is with the Government and the rest held by marquee foreign and domestic investors such as Abu Dhabi Investment Authority, Temasek and HDFC Group.