IDFC gains on entering into partnership with FSS

IDFC Ltd. - (Amalgamated) | Finance - NBFC | BFSI | BSE: 532659 | NSE: IDFC

17 Jun 2015 Evaluate

IDFC is currently trading at Rs. 150.35, up by 1.95 points or 1.31% from its previous closing of Rs. 148.40 on the BSE.

The scrip opened at Rs. 148.50 and has touched a high and low of Rs. 151.20 and Rs. 147.40 respectively. So far 5,12,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 187.50 on 04-Mar-2015 and a 52 week low of Rs. 126.25 on 26-Jun-2014.

Last one week high and low of the scrip stood at Rs. 151.20 and Rs. 143.30 respectively. The current market cap of the company is Rs. 23,957.00 crore.

The Institutions and Non-Institutions held 77.38% and 22.62% respectively.

IDFC has entered into partnership with FSS (Financial Software & Systems) to provide end-to-end payments technology support for its upcoming banking operations this year. This partnership will allow FSS to establish complete payments technology infrastructure for the upcoming IDFC Bank with services ranging from payments processing, card management, reconciliation to payment gateway for e-commerce, and Aadhaar Enabled Payments for financial inclusion. The company is likely to start its banking operations by October 2015.

In addition, FSS will install and manage the Bank’s ATM network and provide cash recyclers to accept and dispense cash. This deal reinforces FSS’ position as a comprehensive payments processor, and FSSNeT hosted platform as a reliable option for banks/financial institutions to accelerate their go-to-market plans.

IDFC is the country’s leading integrated infrastructure finance player providing end to end infrastructure financing and project implementation services.

IDFC-(Amalgamated) Share Price

108.00 0.00 (0.00%)

09-Oct-2024 16:01 View Price Chart

Peers

Company Name	CMP
Bajaj Finance	936.60
Shriram Finance	937.35
Aditya Birla Capital	345.35
Chola Invest & Fin.	1561.05
Tata Capital	333.40
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