BENGALURU (Reuters) – India’s sovereign wealth fund manager National Investment & Infrastructure Fund Ltd (NIIF) said on Tuesday Canada’s Ontario Teachers’ Pension Plan and Australia’s biggest retirement fund AustralianSuper planned to invest a total of $2 billion in its Master Fund.
Both Ontario Teachers’ and AustralianSuper have each signed agreements for investments of up to $1 billion in the fund, NIIF said in a statement.
The two retirement funds will become shareholders in NIIF, it added.
(Reporting by Derek Francis in Bengaluru; Editing by Rashmi Aich)
