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Infrastructure Development Finance Company Ltd (IDFC) has informed BSE that the First Close, with commitment of about US$ 522 million for the IDFC managed “India Infrastructure Fund”, which is a part of ‘The India Infrastructure Financing Initiative’ (announced by the Ministry of Finance, Government of India), a collaborative effort between IDFC, Citigroup Inc. and India infrastructure Finance Company Ltd, to raise and deploy capital for infrastructure projects in India.

Tags: IDFC

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