Venture Intelligence (TSJ Media Pvt. Ltd.)
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Infra lender NaBFID plans to raise $500-M equity fund
The National Bank for Financing Infrastructure and Development (NaBFID) is planning to raise about USD 500 million to create its first equity-focused fund, bolstering its capacity to support infrastructure projects in India. The state-owned lender plans to set up an equity-focused alternative investment fund at GIFT City and is in talks with the hub’s regulator, the International Financial Services Centres Authority (IFSCA).The agency typically funds the sector by selling rupee bonds and loans and funnelling proceeds to long-term projects that struggle to obtain bank credit.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.