In a bid to expand business, Infra-sector lender IDFC has received it board's approval to raise up to Rs 80,000 crore by issuing non-convertible securities on private placement basis. The issuance of shares is to take place from the conclusion of 18th AGM until the conclusion of 19th AGM. IDFC is expecting to commence the banking operations by first week of October.
IDFC is the country’s leading integrated infrastructure finance player providing end to end infrastructure financing and project implementation services.
