IDFC Alternatives buys into NSR-controlled telecom tower firm Ascend

By Ranjani Raghavan

  • 21 Apr 2017
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Credit: Shah Junaid/VCCircle

IDFC Alternatives Ltd, the alternative investment arm of IDFC Bank Ltd, has acquired a stake in New Silk Route-controlled Ascend Telecom Infrastructure Pvt. Ltd, two persons familiar with the development told VCCircle.IDFC Alternatives invested from its India Infrastructure Fund II. It bought shares from group entities of investor IL&FS Ltd ......

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