The National Investment and Infrastructure Fund (NIIF) of India on Wednesday said that it had acquired IDFC Infrastructure Finance Limited (IDFC-IFL), a non-banking finance company registered with the Reserve Bank of India as an infrastructure debt fund. IDFC-IFL lends to operating infrastructure projects, and thereby enables the original project financiers to recycle their capital following the commencement of operations. The company has a loan book of more than Rs4,500 crore, strong asset quality and no material repayment obligations for the next two years.
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