The money will go into part funding its plans to set up 20 million square feet warehousing and logistics platform by 2027, the company said in a statement on Tuesday.
SREI Mutual Fund Asset Management Pvt Ltd had informed the regulator that they want to surrender the registration granted to SREI Mutual Fund Infrastructure Debt Fund (IDF).
"The RBI has issued a certificate of registration to Kotak Infrastructure Debt Fund Ltd, a subsidiary of the bank, permitting it to commence the business of non-banking financial institution as infrastructure debt fund (NBC-IDF)," the lender said in a regulatory filing this evening.
With this, the fund has achieved total commitment of Rs 1,380 crore since inception in 2013, including current Rs 830 crore asset under management, a company statement said here today.
State-owned India Infrastructure Finance Company Ltd (IIFCL) today said it has got Sebi nod for floating USD 1 billion (about Rs 5,000 crore) infrastructure debt fund (IDF), which will be operational in a month.
Attributing the economic slowdown to various factors, including Reserve Bank's tight monetary policy, the government today said that it has been taking steps to promote investment and growth.
Srei Infrastructure today said that it has received the Certificate of Registration from market regulator Sebi for its infrastructure debt fund.
Managing director and chief executive of ICICI Bank, Chanda Kochhar today said that their infrastructure debt fund (IDF) will be set up in partnership with Bank of Baroda, LIC and Citigroup.
India's infrastructure debt fund may get announced in next month or two, Gajendra Haldea, infrastructure adviser at the Planning Commission, said on Thursday.
The Infrastructure Debt Fund or IDF is yet another effort by the finance ministry to get foreign funds and domestic insurance money into Indian infrastructure projects.
State-owned Corporation Bank today said it is drawing up plans to float an Infrastructure Debt Fund (IDF) and will soon approach its board for approval.
Market regulator Sebi today notified guidelines for launching infrastructure debt fund (IDF) which would invest 90% of its assets in debt securities of the sector companies.
Market regulator SEBI today came out with guidelines for infrastructure debt fund (IDF), which can be set up by any existing mutual fund or a company which have been engaged in financing the sector for five years.
The Finance Ministry has finalized the structure for infra debt funds. Market regulator SEBI too is now on board and has agreed to amend mutual fund norms and allow registered mutual funds to set up IDFs. infra debt fund.
In order to raise long-term resources for funding the infrastructure sector, the government today said Infrastructure Debt Fund (IDF) could be set up either as a company or trust.
The government hopes to finalise guidelines for an infrastructure debt fund by June, Economic Affairs Secretary R. Gopalan said on Wednesday.
The Finance Ministry has been working on guidelines for the Infrastructure Debt Fund. CNBC-TV18’s Aakansha Sethi shares that the fund will only invest in PPP Projects.
Deepak Parekh, has said that India should use its forex reserves for funding in infrastructure. He added that the country needs a separate ministry for infrastructure.
Union Budget 2011 made special provisions to help infrastructure companies get more money. CNBC-TV18’s Latha Venkatesh caught up with Rajiv Lall, CEO of IDFC, Pradeep Kumar, CEO of IIFCL and Anjan Barua, Deputy Managing Director of State Bank to discuss how these provisions will make infrastructure finance get better.
In an interview with CNBC-TV18's Economic Policy Editor Siddharth Zarabi, Vinayak Chatterjee, Chairman of Feedback Ventures spoke on his expectations from the finance minister for the infrastructure sector from Budget 2011.