AIIB extends $50 mn loan to L&T Infra Finance Ltd

Asian Infrastructure Investment Bank (AIIB) has released $50 million loan to L&T Infrastructure Finance Ltd. This is the first tranche of a $100 mn loan to L&T Infrastructure Finance Ltd for funding Renewable Energy projects in the country. This loan has been extended by the Bejing-based multilateral development bank to on-lend to large and mid-scale wind and solar power infra projects in India.

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A $100 million loan sanctioned by the Asian Infrastructure Investment Bank (AIIB) to the unit of L&T Finance Holdings is AIIB’s first loan to a non-banking financial company (NBFC) in India.

Important takeaways for all competitive exams:

• Managing Director & CEO of L&T Finance Holdings: Dinanath Dubhashi.
• President of Asian Infrastructure Investment Bank: Jin Liqun.

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