Controlling equity stake owner

"NIIF’s Strategic Fund has acquired ~59% equity stake in in IDFC Infrastructure Finance Limited. National Investment and Infrastructure Fund Limited (NIIFL) is an investor-owned fund manager, anchored by the Government of India (GoI) in collaboration with leading global and domestic institutional investors. It currently manages three funds and has made this acquisition from its Strategic Fund. The Strategic Fund is aimed at growth and development stage investments in projects/companies in a broad range of sectors that are of economic and commercial importance and are likely to benefit from India’s growth trajectory over the medium to long-term."