The government has launched a USD 2 billion infra debt fund, with private lender ICICI Bank owning the most, Gajendra Haldea, an infrastructure adviser in Planning Commission, said on Monday.
The long-term debt fund will be set up jointly by ICICI Bank, Bank of Baroda, Citi and Life Insurance Corporation of India (LIC), Haldea added.
ICICI Bank will own 31%, while Bank of Baroda will hold 30%, Citi 29% and LIC 10%.
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