TPG Inc. has signed agreements to acquire a 100% stake in Aseem Infrastructure Finance Ltd (AIFL) from the National Investment and Infrastructure Fund (NIIF) and other shareholders.
The acquisition is being executed through TPG Rise Climate, the climate investing platform of TPG. The transaction is undertaken in partnership with the Government of Singapore Investment Corporation (GIC) and ICICI Bank Ltd. Upon completion, ICICI Bank will hold an equity stake of up to 5% in AIFL.