SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

IDFC inks pact with Africa Finance Corp

17 Jun 2011 Evaluate

Infrastructure Development Finance (IDFC) has signed an agreement with Africa Finance Corp (AFC). This agreement will help Indian companies enter the continent to expand in infrastructure, logistics, mining, power and telecom sector. The continent's growth, its requirement and its vast reserves of resources will pave the way for increased collaboration between Indian companies and the African continent.

AFC, established in 2007 with a capital base of $1 billion, provides project structuring advice and risk capital to address Africa's infrastructure development needs in power, oil and gas, heavy industry, transport, and telecommunications sectors.

Recently, Infrastructure Development Finance Company (IDFC) and Khazanah propose to enter into a joint venture (JV) to set up a dedicated infrastructure development company with a focus on road sector in India where IDFC would hold 19.9% and Khazanah would hold 80.1% of the equity share capital of the proposed JV. Both the parties also propose to invest in convertible instruments issued by the JV.

IDFC-(Amalgamated) Share Price

108.00 0.00 (0.00%)
09-Oct-2024 16:01 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: