NEW DELHI -- The Infrastructure Development Finance Corporation (IDFC) is likely to raise about $350-450 million through its second infrastructure equity fund, which is to be targeted solely at institutional investors.

With this mop-up, the corporation's equity exposure will be poised to touch $1 billion, IDFC Managing Director and CEO Rajiv B. Lall told newspersons here on Wednesday. Mr. Lall explained that the fund, with a lock-in period of two years, was not meant for retail investors as investment in infrastructure entities...

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Posted by rjorr at March 10, 2006 8:43 AM