IDFC has received an approval from the government to set up an India Infrastructure Fund which would have a corpus of Rs 5,500 crore. The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of IDFC Trustee Company to set up the India Infrastructure Fund II.
The fund would be registered with market regulator SEBI as the Alternative Investment Fund (AIF) Category I. The fund, which is targeted to receive contribution from international investors up to Rs 5,500 crore, would invest primarily in the sectors of energy utilities, transportation, aviation, telecom infrastructure, other urban infrastructure and public utilities.
IDFC is the country’s leading integrated infrastructure finance player providing end to end infrastructure financing and project implementation services.
