India Infoline Finance raises $148m from UK govt-backed CDC Group

Financial services firm IIFL Holdings Ltd on Wednesday said CDC Group Plc, the development finance institution owned by the UK government, will invest about Rs.1,000 crore in its unit India Infoline Finance Ltd (IIFL Finance).

CDC’s investment will help the IIFL Group expand its financing business and address the capital needs of under-served segments, it said in a release.

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