Kerala government’s infrastructure fund to raise up to Rs 2000 cr in PE
By Economic Times 26-Apr-2019
The fund, which intends to raise capital from both offshore and domestic sources, will invest in revenue earning and commercially viable projects in the state,its executive director and Kerala finance secretary Sanjeev Kaushik told ET.
The fund would tap pension funds and sovereign wealth funds starting from North America to Europe, Middle East and South East Asia, besides high-networth family offices and university endowments.
Kerala Infrastructure Investment Board (KIIFB), the investment arm of the state, will have a 26% stake in the proposed fund, while financial institutions from the state would hold the rest.
क्या कांग्रेस का महागठबंधन से अलग रह के चुनाव लड़ने की वजह से बीजेपी को पूर्ण बहुमत मिला है?
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