Infrastructure Development Finance Company’s (IDFC) committee of directors have approved the shelf prospectus of the proposed public issue of long term infrastructure bonds of face value of Rs 5,000 each, in the nature of secured, redeemable, non-convertible debentures, having benefits under Section 80CCF of the Income Tax Act, 1961 (the 'Bonds'). The bonds which would be issued in one or more tranches by the company would not exceed the amount aggregating Rs 5000 crore for the financial year 2011-2012.
The company’s committee of directors at its s meeting held on September 28, 2011, approved the shelf prospectus of the proposed public issue of long term infrastructure bonds.
Recently, ICRA has assigned the rating of “ICRA A1+” to Infrastructure Development Finance Company’s (IDFC) Rs 7,500 crore short term debt programme, which is enhanced from earlier of Rs 5,000 crore. ICRA also has also assigned the rating of “ICRA AAA” with stable outlook on long-term debt programme and long term infrastructure bonds of IDFC.
Company Name | CMP |
---|---|
Bajaj Finance | 7331.25 |
Shriram Finance | 2816.10 |
Aditya Birla Capital | 236.20 |
SBI Cards AndPayment | 726.10 |
L&T Finance | 179.70 |
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