IIFCL may raise Rs. 14,000 cr this fiscal

State-owned India Infrastructure Finance Company Ltd (IIFCL) is planning to raise approximately Rs. 14,000 crore from various sources during the current fiscal to fund its business growth. After receiving approval from the government, it will be the second tranche. IIFCL had raised Rs. 10,000 crore through tax-free bonds in 2009 to provide re‑financing to banks for funding infrastructure projects.  Besides, the government plans to infuse Rs. 3,000 crore in the company following the capital infusion which will result in the paid up capital going up to Rs. 5,000 crore. The company may also raise up to Rs. 1,000 crore from tax saving infrastructure bonds and remaining from multi-lateral agencies.

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