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.
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