IDFC ties up $522 for India Infrascture Fund

Thebullishtrends: Infrastructure Development Finance Company Ltd (CMP:Rs.128.60) has informed 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.