Srei Infrastructure stock soars 8% on fund
The fund would focus on the sub sectors which provide good regulatory clarity like toll roads, power transmission etc.
The government has allowed financial institutions to float IDFs through the mutual fund route or structure it as an NBFC to attract long-term savings into the infrastructure sector.
The government has estimated that a whopping USD 1 trillion will be required during the next five years for developing the country's infrastructure.
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