Cabinet allows ₹5,300 crore capital infusion in IIFCL via recap bonds in 2019-201 min read . Updated: 11 Dec 2019, 09:38 PM IST
- The Cabinet also approved for increasing the authorized capital of IIFCL from ₹6,000 crore to ₹25,000 crore
- IIFCL was set up in 2006 for providing long-term finance to viable infrastructure projects across various sectors
The Union Cabinet on Wednesday approved additional infusion of ₹5,300 crore into state owned Infrastructure Finance Company Ltd (IIFCL) via recapitalization bonds in 2019-20 to boost its lending capabilities. In the next financial year, ₹10,000 crore will be infused.
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