 In 2006–07, the company increased its stake in National Stock Exchange of India Ltd from 2.2% to 8.2% and acquired an 8.71% stake in the Asset Reconstruction Company (India) Ltd.The company along with Citigroup, India Infrastructure Finance Company Ltd. and the global private equity company Blackstone, launched a US$5 billion initiative for financing infrastructure projects in India.During the year, the company also set up IDFC Project Equity Company Ltd to manage the proposed US$2 billion third party equity component of the 'India Infrastructure Initiative', the company acquired 33.33% stake in SSKI Securities Pvt Ltd (SSKI), which is a domestic mid-size investment bank and an institutional brokerage and research platform, with membership of the BSE and the NSE.