London : Infrastructure Leasing & Financial Services Ltd (IL&FS), one of India’s leading infrastructure development and finance companies, Monday opened a London office to tap European channels of financing.
IL&FS stakeholders include Life Insurance Corp of India, ORIX Corp of Japan, Housing Development Finance Corp (HDFC), Abu Dhabi Investment Authority, Central Bank of India and State Bank of India.
It is currently handling $40 billion worth of projects, developed along public-private partnership formats and straddling transportation, power, maritime, water, urban infrastructure, environment, education and community development.
The financial services business of the group includes investment banking, investment management, trusteeship services, transportation solutions, custodial and depository services. The group manages over $2 billion of private equity funds.
The group said London is the hub of the European financial market, and that its office will aim to “develop relationships and source new channels of financing for our clients and for the group’s global and domestic initiatives”.