| Log in

IDFC Raises $575 Mln In Share Sale

29 June, 2010

India’s Infrastructure Development Finance Co (IDFC) has raised $575 million through share sale to institutional investors, two sources with direct knowledge of the deal said on Tuesday. The qualified institutional placement, which opened on Monday and closed a day later, has been priced at 168.25 rupees a share, said the sources, who declined to be named as they were not authorised to speak to the media.

“The response from both domestic as foreign investors has been very strong,” a source said, adding the issue would lead to equity dilution of 10.6 percent.

Credit Suisse, Morgan Stanley, CLSA, and IDFC Capital managed the share sale, the sources said. Officials at the banks could not immediately be reached by Reuters for comment.


Leave Your Comment
News Roundup: KKR, Singapore GIC to set up real estate-focused NBFC

News Roundup: KKR, Singapore GIC to set up real estate-focused NBFC

TEAM VCC 5 years ago
Kohlberg Kravis Roberts and Co. LP (KKR) is joining hands with Singapore’s...
After Goldman Sachs deal, DEN Networks raises $50M through QIP

After Goldman Sachs deal, DEN Networks raises $50M through QIP

TEAM VCC 5 years ago
After raising funds from Goldman Sachs earlier this week, cable television...
News Roundup: New Silk Route-backed Nectar Lifesciences on the block

News Roundup: New Silk Route-backed Nectar Lifesciences on the block

TEAM VCC 4 years ago
Global private equity fund New Silk Route-backed pharmaceutical maker Nectar...
No Comments

IDFC Raises $575 Mln In Share Sale

Powered by WordPress.com VIP