 "IL&FS, Infrastructure Leasing and Financial Services, Mumbai")
International Finance Corporation (IFC) is planning to make an equity investment in PI Ventures Fund I, a new fund, which will be controlled by Vistra ITCL (India) Limited (Formerly IL&FS Trust Company Limited, India).
The new fund seeks to raise $30-40 million in capital commitments, subject to necessary approvals from the Trustee (Vistra ITCL). IFC has proposed an equity investment of Indian Rupee equivalent of $3 million, not to exceed 20 per cent of total commitments, said IFC.
PI Ventures Investment Trust is registered with the Securities and Exchange Board of India as a Category I Alternative Investment Fund. The
