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The Centre has infused ₹5,297.60 crore into the equity capital of infrastructure lender India Infrastructure Finance Company Ltd (IIFCL).
This capital infusion — which happened on March 30 – has taken the paid-up capital of the company to ₹9,999.2 crore.
This increase in paid up capital would enable IIFCL to create requisite headroom to provide finance to more number of Infrastructure projects in the country, an official release said.
IIFCL, which is entirely Government owned, will now have increased exposure limits for individual projects and developer groups, would be able to comfortably maintaining its Capital to Risk Adjusted Ratio (CRAR) as per RBI Regulations/Directions and approach the markets to attract more borrowings, the release added.
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