IIFCL raises Rs 60 billion via debt to fund infra projects

India Infrastructure Finance Company Limited (IIFCL)  has raised Rs 15 billion in debt to realise the government’s infrastructure vision. With the objective of promoting long-term infrastructure funding in India, IIFCL has obtained funds from the domestic market for the first time in eight years through privately issued non-convertible debt securities worth Rs 5 billion with a greenshoe option of Rs 10 billion. The issue was oversubscribed more than six times.