South Indian Bank announced they have acquired 150,000 shares in KIFML

South Indian Bank has announced that it has received 150,000 shares of the Kerala Investment Management Infrastructure Management Company (KIFML), accelerated by government-owned Kurela Investment Infrastructure Fund ( KIIFB) for Rs 15 lakh.

The bank holds 8.47 per cent of the stock issued.

KIFML is an investment manager for the Infrastructure Investment Vehicle (IFV) funded by KIIFB, which mobilizes funds for infrastructure development in the State.