India: China's AIIB to dole out $100m loan to L&T Infra Finance

India: China's AIIB to dole out $100m loan to L&T Infra Finance

Photo: Reuters

L&T Infrastructure Finance Company Ltd, a wholly-owned subsidiary of L&T Finance Holdings Ltd, has received the first tranche of $50 million of the total $100 million of an external commercial borrowing from the Beijing-headquartered Asian Infrastructure Investment Bank (AIIB). While AIIB typically lends to large infrastructure projects in India, this marks its first loan to a non-banking financial company.