08 Jul, 2010

IDFC's capital raising of Rs 3500 cr

Infrastructure Development Finance Company is raising approximately Rs 3,500 crore of Tier 1 capital as approved by the Board of Directors and Shareholders. IDFC raised Rs 2,654 crore from the sale of shares through the Qualified Institutional Placement route. The QIP was done at a price of Rs 168.25 per share.


Source: Moneycontrol.com