India Infrastructure Finance Company Ltd.’s Issue Gets Oversubscribed
The PSU is providing impetus to Government’s Infrastructure Vision
IIFCL with a view to promote Long Term Infrastructure Finance in India after a span of 8 years has raised funds from the domestic market by the way of privately placed Non-Convertible Debt Securities for an amount of Rs.500Cr (with greenshoe of Rs.1000 Cr). The issue was oversubscribed by more than 6 times.
This resource raising will provide impetus to Hon’ble Prime Minister’s vision of achieving outstanding Infrastructure growth, as these funds will be utilized to provide longer term debt to Infrastructure Projects, both Greenfield and Brownfield, developed under various initiatives of Government of India viz., NIP, NMP and Gati-Shakti. IIFCL will continue to play a leading role in fulfilling the aspirations of India of developing a world class Infrastructure.