Indian infrastructure lender IIFCL seeks to expand capital base, asks govt to reduce stake to 51%

Indian infrastructure lender IIFCL seeks to expand capital base, asks govt to reduce stake to 51%

Photo: Mint

State-owned India Infrastructure Finance Co. Ltd (IIFCL) has asked the government to bring down its stake in the company to 51% by selling shares to strategic investors, as it aims to widen its capital base and present itself as an alternative source of finance for infrastructure developers.

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