There are indications that the company may subsequently float supplementary equity issue to refinance its capital structure and provide long-term funds necessary for such long-term expansion project.
Moreover, pension funds do not face sudden surges in inflows or outflows - they are long-term funds meant to build a corpus for employees when they retire.
In view of the huge funding requirement of the infrastructure sector, it is essential to channelise long-term funds from insurance and pension funds into infrastructure...
