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Mumbai, Jan. 27 IL&FS Financial Services Ltd (IFIN), the investment banking arm of the IL&FS Group, is opening an office in London to tap the European financial market.

IFIN’s London office, which will be manned by professionals deputed from India, will be sourcing new channels of financing for its clients as part of the group’s global and domestic initiatives. IFIN provides end-to-end financial solutions, including project finance advisory, financial structuring and debt and equity placements. “There are huge investments needed in India both in the infrastructure as well as the manufacturing sector. In this context, India is a capital deficient economy and therefore it is important to supplement domestic resource pools with international pools of capital. Towards this direction and objective, IFIN intends to strengthen its international network of financial partners,” IL&FS said in a statement.

The stakeholders of IL&FS, an infrastructure development and financing company, include HDFC, LIC, State Bank of India, Central Bank of India and Abu Dhabi Investment Authority.

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