The infrastructure debt fund (IDF)
backed by IL&FS Financial Services and Life Insurance Corp of India (
LIC) is planning to raise up to $1 billion (Rs 5,300 crore) initially
from foreign and domestic investors.
The fund will use a trust structure (mutual fund route) for this venture, since it provides flexibility to invest in existing and new projects. Besides power, ports and road projects, the IDF might look at healthcare and education projects as well.http://www.myallagents.com/ILandFSbacked-infrastructure-debt-fund-targets-1bn-corpus/details.html
The fund will use a trust structure (mutual fund route) for this venture, since it provides flexibility to invest in existing and new projects. Besides power, ports and road projects, the IDF might look at healthcare and education projects as well.http://www.myallagents.com/ILandFSbacked-infrastructure-debt-fund-targets-1bn-corpus/details.html
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