15.02.2016 - NIIF may pick up stake in infra financing PSUs
Government is considering a proposal to dilute its stake in a host of infrastructure financing institutions such as REC, PFC and IIFCL through the newly created National Investment and Infrastructure Fund (NIIF). "It is at a very preliminary stage. Among various things, the Finance Ministry is also looking at a issue if NIIF can pick up stake in state-owned entities that are into infrastructure financing," official sources said. A sub-fund of NIIF could pick up stake in companies like Rural Electrification Corporation (REC), Power Finance Corporation (PFC) and India Infrastructure Finance Company Ltd (IIFCL), sources said...............................................Full Article: Source
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