India, Jan. 10 -- By Kaushal Verma

New Delhi [India], January 10 (ANI): India Infrastructure Finance Company Ltd (IIFCL) is preparing to dilute up to 25% of its government stake as part of its next phase of evolution, ahead of the proposed Initial Public Offering (IPO) in the Financial year 2027.

Speaking with ANI, Deputy Managing Director Palash Srivastava on Saturday, said that this move is likely part of the government's strategy to raise funds for infrastructure development and to promote private-sector participation.

"There is a lot of preparation to do, and we are on course for this to happen," Srivastava told ANI, adding that the timing of the proposed divestment aligns with a period when IIFCL's funding strategy is increasingly...