Infrastructure Development FinanceCompany Ltd has raised a total of Rs 538.08 crore from approximately 2.7 lakhinvestors through the first tranche of its “Long Term Infrastructure Bonds.” Thecompany is looking to raise a total of Rs 5,000 crore by March 2012 through theinfrastructure bonds, said a press release issued by the company. The issue wasopen for subscription from November 21 to December 16. The face value of thebond is Rs 5,000. Investment up to Rs 20,000 is eligible for tax exemptionunder Section 80CCF.
