India Digest: Credit enhancement fund stake; PSU divestment drive; Mystifly raises $5m

SBI and Punjab National Bank may pick up stake in IIFCL-anchored credit enhancement fund, while the government has also drawn up plans to divest in 22 public sector companies. Also, air ticket aggregator Mystifly has raised $5 million.

Government may ask SBI, PNB to pick up stake in credit enhancement fund

The government may get a few banks, including State Bank of India and Punjab National bank, to pick up stake in the $75 million credit enhancement fund anchored by India Infrastructure Finance Company Limited (IIFCL), which was announced by finance minister Arun Jaitley, , said a Press Trust of India report quoting sources.

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