IDFC and IDFC Financial Holding Company (IDFC FHCL) have entered into an understanding with The Chatterjee Group (TCG). Pursuant to the said understanding, one or more entities of TCG will acquire equity stake in IDFC Securities from IDFC FHCL in one or more tranches over a period of time. The necessary definitive agreement will be signed among the parties shortly. The said transaction will conclude on the receipt of the requisite regulatory approvals as applicable.
IDFC is the country’s leading integrated infrastructure finance player providing end to end infrastructure financing and project implementation services.
