Cabinet gives Ex-Post-Facto approval to capital infusion made in IIFCL
During 2007-08 to 2012-13, as approved in the Demand for grants to support the future growth of the company.
The capital infusion was made as approved in the Demands for Grants and consented by the Finance Minister to support the future growth of the company.
IIFCL, a wholly owned Government of India company, was, incorporated on January 5, 2006 under the Companies Act, 1956 with an authorized share capital of Rs. 1000 crore.
It commenced its, operations from April 2006. IIFCL was mandated to provide long term debt to viable' infrastructure projects in terms of the Scheme for Financing Viable Infrastructure Projects through IIFCL (broadly referred to as SIFTI).
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