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IDFC to close infra fund in 2 weeks.India
http://www.dnaindia.com/report.asp?newsid=1258936
Submitted by anxora
6 months, 6 days, 10 hours ago
Infrastructure Development Finance Company (IDFC) will complete the process of raising funds for its India Infrastructure Fund (IIF) in a fortnight, said Vikram Pant, managing director, IDFC Project Equity, which manages the fund.
IIF, which currently has a corpus of $925 million, is eyeing the $1 billion mark. "But even if we don't reach that figure, we will close the fund in two weeks," said Pant. He said IIF is neck-deep in investments and doesn't want to focus on fund-raising now. Pant had earlier told DNA Money, "There is so much more value now in investing than in raising funds."
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