Neo Infrastructure Income Opportunities Fund (NIIOF) has signed agreements with CDS Infra Projects Limited (CDS) to buy two operational road assets, while Grow Indigo has raised $10 million from British International Investment.
NIIOF to acquire two road assets
Neo Infrastructure Income Opportunities Fund (NIIOF) has signed agreements with CDS Infra Projects Limited (CDS) to buy two operational road assets under NHAI’s Hybrid Annuity Model (HAM) for Rs 1,500 crore.
The assets are located in Haryana and Punjab and are a part of the 669-km four-lane greenfield Delhi-Amritsar-Katra Expressway.
NIIOF is Neo Asset Management’s flagship core infrastructure fund that is buying out derisked, operational core infrastructure assets. The fund has a target corpus of Rs 2,000 crore and achieved its first close in September 2023. CDS Infra Projects Limited is the seller and developer of these assets and has executed more than 30 projects of 3000-lane km across eight states in the country.
Grow Indigo bags $10m from BII
Agritech firm Grow Indigo has raised $10 million from British International Investment (BII), the UK’s development finance institution and impact investor, for expansion of its sustainability programmes across India.
Through this funding, the company aims to accelerate farmer enrollment and scale carbon farming initiatives. More than 2.5 million acres of smallholder farmland have already been enrolled across 7 states.
Established in 2018, the company is driving regenerative farming in India and is present across 16 states with over 2000 distribution partners.
