IDFC INFRASTRUCTURE FUND LIMITED
The IDFC Infrastructure Finance Limited (IDFC-IFL) is the first investment of NIIF’s Strategic Fund and the first acquisition for NIIF.
IDFC-IFL is a Non-Banking Finance Company registered with the Reserve Bank of India as an Infrastructure Debt Fund. IDFC-IFL provides long-term debt to operating infrastructure projects by refinancing loans originally taken for project development, thereby enabling original project financiers to recycle their capital following the commencement of operations.
NIIF currently holds ~59% of the equity shareholding of IDFC-IFL. This acquisition allows NIIF to have a meaningful role in the private infrastructure debt space where there is a growing need for long-term financing given India’s infrastructure ambitions.