Infrastructure Development Finance (IDFC) has signed an agreement with Africa Finance Corp (AFC). This agreement will help Indian companies enter the continent to expand in infrastructure, logistics, mining, power and telecom sector. The continent's growth, its requirement and its vast reserves of resources will pave the way for increased collaboration between Indian companies and the African continent.
AFC, established in 2007 with a capital base of $1 billion, provides project structuring advice and risk capital to address Africa's infrastructure development needs in power, oil and gas, heavy industry, transport, and telecommunications sectors.
Recently, Infrastructure Development Finance Company (IDFC) and Khazanah propose to enter into a joint venture (JV) to set up a dedicated infrastructure development company with a focus on road sector in India where IDFC would hold 19.9% and Khazanah would hold 80.1% of the equity share capital of the proposed JV. Both the parties also propose to invest in convertible instruments issued by the JV.
Company Name | CMP |
---|---|
Bajaj Finance | 6702.50 |
Shriram Finance | 2352.85 |
Aditya Birla Capital | 223.85 |
SBI Cards AndPayment | 692.15 |
Chola Invest & Fin. | 1238.00 |
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