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.
IDFs are investment vehicles for channelling 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.
Source- The Economic Times