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LENDING & CREDIT | Cesar Tordesillas, India
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India Infrastructure Finance to take over Rs 6B IDBI Bank loans

India Infrastructure Finance will take over 6 billion rupees worth of loans from state-owned lender,IDBI Bank.

 

The move is part of a take-out finance pact between the two, said IIF Chairman and Managing Director S.K. Goel.

The infrastructure project funding firm will also float a 30 billion rupee equity fund, according to Goel.
 

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