SH Khan to head Feedbacks
urban infrastructure core fund
Mumbai: Mr S H Khan former IDBI
chairman has been appointed chairman of Feedback Ventures urban infrastructure fund
Feedback First Urban Infrastructure Development Company which will be the
first of its kind in the country.
Financial institutions and a private sector company Larsen & Touburo
have committed Rs 100 crore towards the corpus. The other investors in the fund include
IDBI, Unit Trust of India, LIC, GIC, and New India.
Feedbacks long-term plan is to
gradually expand its operation as a fund-based activist developer for various
infrastructure projects. The fund has already set up offices in Mumbai, Delhi, Chandigarh
and Hyderabad, to get operations off the ground.
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