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Ex-Post-Facto approval to capital infusion made in India Infrastructure Finance Company Ltd. during 2007-08 to 2012-13

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..... Ex-Post-Facto approval to capital infusion made in India Infrastructure Finance Company Ltd. during 2007-08 to 2012-13
News and Press Release
Dated:- 16-9-2015

Press Information Bureau .....

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..... Government of India Ministry of Finance 16-September-2015 14:22 IST The Union Cabinet chaired by the Prime Minister Shri Narendra Modi, has given its ex-post facto approval to the capital infusion .....

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..... of ₹ 2600 crore made in India Infrastructure Finance Company Ltd. (IIFCL). During 2007-08 to 2012-13, as approved in the Demand for grants to support the future growth of the company. The capit .....

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..... al infusion was made as approved in the Demands for Grants and consented by the Finance Minister to support the future growth of the company. Background: IIFCL, a wholly owned Government of India co .....

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..... mpany, was, incorporated on January 5, 2006 under the Companies Act, 1956 with an authorized share capital of ₹ 1000 crore. It commenced its, operations from April 2006. IIFCL was mandated to pr .....

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..... ovide long term debt to viable' infrastructure projects in terms of the Scheme for Financing Viable Infrastructure Projects through IIFCL (broadly referred to as SIFTI). ••••& .....

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..... bull;•• NW/AKT/SH
News - Press release - PIB .....

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