IDFC, leading integrated infrastructure finance player, has decided to decrease the limit for purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs), through primary market and stock exchanges under the Portfolio Investment Scheme (PIS) up to 50.50 per cent of the paid up capital. Earlier limit for such investments in IDFC was 51.50 per cent.
IDFC has passed resolutions at the Board of Directors' level and a special resolution by the shareholders, agreeing for decreasing the limit for the purchase of its equity shares and convertible debentures by FIIs/RFPIs. IDFC was placed in ban list by Reserve Bank of India (RBI) for FIIs/RFPIs on July 8, 2014 and will continue to remain in that list.
IDFC is the country’s leading integrated infrastructure finance player providing end to end infrastructure financing and project implementation services.
