NIIF acquires IDFC Infrastructure Finance
Wednesday, October 31, 2018, 3:02 PM
The NIIF of India said that it had acquired IDFC Infrastructure Finance Limited, a-non-banking finance company registered with RBI as an infrastructure debt fund. IDFC-IFL lends to operating infrastructure projects, and thereby enables original project financiers to recycle their capital following the commencement of operations. The company has a loan-book of more than Rs.4,500Cr, strong asset quality and no material repayment obligations for next-two-years.