NIIF-backed Aseem Infra Finance raises funds from Japan's Sumitomo Mitsui Banking

Mumbai-based NBFC – IFC (infrastructure finance company) Aseem Infrastructure Finance Ltd (AIFL) has raised funds from Japan-based Sumitomo Mitsui Banking Corporation (SMBC). AIFL was earlier incubated by NIIF through its Strategic Opportunities Fund (SOF). AIFL, together with its associate NIIF Infrastructure Finance (NIIF IFL), an NBFC-IDF (infrastructure debt fund), seeks to address infrastructure debt needs. The two NBFCs have jointly disbursed over INR 10,000 crore in YTD FY22.