The National Investment and Infrastructure Fund (NIIF) has acquired IDFC Infrastructure Finance (IDFC-IFL), an infrastructure debt fund. This acquisition is the first investment from NIIF’s strategic fund. The acquisition is subject to approval from RBI and customary closing conditions, it said.
IDFs are investment vehicles for channeling investment into India’s infrastructure sector. IDFC-IFL, with a loan book of Rs 4500 crore, lends to operating infrastructure projects, helping original project financiers to recycle their capital following the commencement of operations.
“The acquisition will allow NIIF to play a meaningful role in the private debt space in Indian Infrastructure Read More
Latest posts by The Economic Times (see all)
- NTPC’s ash-utilisation contest gets entries from Tata Power, DVC - January 17, 2019
- Norms mandate local sourcing of gear for new power projects - January 17, 2019
- MoS Railways dubs Railway Protection Force as ‘toothless’, demands more power for it - January 16, 2019