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IDFC rises on getting nod to raise Rs 80,000 crore via issue of non-convertible securities

31 Aug 2015 Evaluate

IDFC is currently trading at Rs. 132.70, up by 1.10 points or 0.84% from its previous closing of Rs. 131.60 on the BSE.

The scrip opened at Rs. 131.50 and has touched a high and low of Rs. 133.05 and Rs. 130.70 respectively. So far 189070 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. 125.00 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 135.95 and Rs. 125.00 respectively. The current market cap of the company is Rs. 21119.25 crore.

The institutions and non-institutions held 77.17% and 22.83% stake in the company, respectively.

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.

 

IDFC-(Amalgamated) Share Price

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