Which among the following is the largest shareholder in “Infradebt “, India’s first Infrastructure Debt Fund (IDF) under the non-banking financial company?
[B]Bank of Baroda
On February 19, 2013, Finance minister P Chidambaram launched the operations of India Infradebt (Infradebt), the first Infrastructure Debt Fund (IDF) under the non-banking financial company structure to help infrastructure companies raise funds at a cheaper rate. The promoters of IDF are ICICI Bank, Bank of Baroda (BoB), Citibank and LIC. ICICI Bank is the largest shareholder in Infradebt with 31% holding followed by BoB at 30%, Citibank at 29% and LIC at 10%.