Mumbai: IDFC Private Equity, a fund floated by Infrastructure Development Finance Corporation (IDFC), is raising a new $700 million fund to buy stakes in firms expected to hold stakes in the country's power and transport networks.

IDFC expects to close the fund in the next two to three weeks, with around 85 per cent of the money coming from abroad.

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Posted by boyang at April 23, 2008 7:08 PM