PFS, IIFCL Projects ink pact for infra financing advisory

Infrastructure financier PFS and IIFCL Projects Ltd (IPL) have joined hands for financing and project development advisory as well as debt syndication.

PTC India Financial Services (PFS), a subsidiary of PTC India and IIFCL Projects Ltd, a fully owned unit of India Infrastructure Finance Company Ltd (IIFCL) have signed a memorandum of understanding for infrastructure projects, PFS said in a statement today.

As part of the pact, they will provide financial advisory, management consultancy, debt syndication and project development advisory.

"PFS and IPL will come together to provide one single window to all stake holders of infrastructure projects particularly in energy value chain and facilitate by providing consultancy in the field of financing and project development," PFS stated.

Both the companies will share mutual capabilities and draw upon synergies for financial advisory and project development services for infrastructure projects.

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TAB Capital crosses Rs 101 cr loan disbursement *Pune-based NBFC TAB Capital today announced crossing assets under management (AUM) to the extent of Rs 101 crore, as of July 31, by having disbursed over 450 loans already.

The company said it aims to reach at a worth of Rs 500 crore in the next two years.

"In the next two years, I envision TAB Capital touching the AUM of Rs 500 crore, along with more number of branches and financial experts associated with the brand," TAB Capital Chairperson and MD Abhay Bhutada said.

Present across Delhi, Bengaluru, Chennai and Hyderabad, the company has plans to augment its pan-India presence by opening ten new branches.

The company will also beef up its existing talent pool by acquiring the right talent from the banking and financial domain, it added.

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