IIFCL to mop up Rs 9,215 cr via tax-free bonds
25 Dec 2012 5:58 AM IST
State-owned India Infrastructure Finance Company Ltd (IIFCL) on Monday said it plans to raise up to Rs 9,215 cr through tax-free bonds to fund infrastructure projects in the country.
'We plan to raise Rs 1,500 crore with green-shoe option up to the shelf limit of Rs 9,215 crore on first-come first-serve basis,' IIFCL chairman and managing director S K Goel said here.
‘These funds will be utilised to provide long-term funding to PPP projects in the sectors like power, infrastructure, etc,' he said.
'We plan to raise Rs 1,500 crore with green-shoe option up to the shelf limit of Rs 9,215 crore on first-come first-serve basis,' IIFCL chairman and managing director S K Goel said here.
‘These funds will be utilised to provide long-term funding to PPP projects in the sectors like power, infrastructure, etc,' he said.
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