IIFCL, LIC, IDFC in MoU for takeout financing

Takeout financing is a mechanism through which banks can take care of asset liability mismatches (ALM) occurring in funding the long gestation infrastructure projects by transferring loans to the books of a third entity.

Under the agreement, IIFCL and LIC will take 20 per cent each of a project cost, and IDFC the remaining 10 per cent.

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