China is likely take a 25-30 percent stake in the Asian Infrastructure Investment Bank (AIIB) and India is likely to be the second-largest shareholder, delegates attending a meeting of the bank's founding members said today. China's share in the 100 billion dollar lender will be less than 30 percent, an Asian delegate attending the meeting in Singapore said. A second delegate said India's share will be between 10 to 15 percent. In all, Asian countries will own between 72-75 percent of the bank, while European and other nations will own the rest. The three-day meeting of the China-backed AIIB is aimed at finalizing the draft of articles of agreement that would decide the share of member countries and the bank's initial capital.
News On AIR | May 22, 2015 2:27 PM
India likely to be second-largest AIIB shareholder after China