IL&FS targets $500m India infrastructure fund
IL&FS Investment Managers (IIML), the private equity arm of India's Infrastructure Leasing & Financial Services, is raising a $500 million fund to invest in domestic road and energy projects.
The fund is expecting a first close during the current financial year, with a final close within the following 12 months, CEO Archana Hingorani told Livemint. IIML began raising the fund last year, and...
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