Govt to increase authorised share capital of IIFCL

New Delhi, Aug 14: The Centre on Thursday, Aug 14 decided to increase the authorized capital of India Infrastructure Finance Company Limited (IIFCL) from Rs 1000 crore to Rs. 2000 crore. The approval for the same was given by a meeting of the Union Cabinet, chaired by Prime Minister Manmohan Singh.

It would enhance the leveraging ability of IIFCL and would enable the Company to build a strong resource base alongwith higher net worth over a period of time, Information and Broadcasting Minister Priyaranjan Dasmunsi told mediapersons after the meeting.

UNI