Govt launches $2 bln infra debt fund

NEW DELHI Mon Mar 5, 2012 5:24pm IST

Related Topics

Stocks

   

NEW DELHI (Reuters) - The government has launched a $2 billion infra debt fund, with private lender ICICI Bank(ICBK.NS) owning the most, Gajendra Haldea, an infrastructure adviser in Planning Commission, said on Monday.

The long-term debt fund will be set up jointly by ICICI Bank, Bank of Baroda(BOB.NS), Citi and Life Insurance Corporation of India (LIC), Haldea added.

ICICI Bank will own 31 percent, while Bank of Baroda will hold 30 percent, Citi 29 percent and LIC 10 percent.

(Reporting by Manoj Kumar and Arup Roychoudhury; editing by Malini Menon)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Canada Shooting

Canada Shooting

Attack on parliament, killing of soldier stun Canada's capital.  Full Article 

Earnings Season

Earnings Season

Wipro sees rosier end to year as U.S. clients spend.  Full Article 

Business Climate

Business Climate

Fears for tough penalties grow as India cleans up business  Full Article 

New Email Service

New Email Service

Google launches new email service dubbed "Inbox".  Full Article 

DLF Appeals

DLF Appeals

DLF seeks interim relief from capital market ban  Full Article 

Falling Oil Prices

Falling Oil Prices

Indian consumers respond to softer oil, food prices  Full Article 

Book Keeping

Book Keeping

RBI fires warning shots on companies' lack of FX hedging.  Full Article 

Policy Repo Rate

Policy Repo Rate

Most external members suggested rate cut in RBI's Sept review.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage