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Sipadan Investments trims stake in IDFC

18 Dec 2020 Evaluate

Sipadan Investments (Mauritius) has trimmed stake in IDFC by selling 3.46 crore shares representing 2.17 per cent stake in the open market. As per a regulatory filing, Sipadan Investments (Mauritius) sold 3,46,51,51 shares in IDFC in the open market. The shares were sold between November 23 and December 16, 2020. Sipadan Investments (Mauritius) held 9.47 per cent stake in IDFC earlier. It has now come down to 7.30 per cent.

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

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