MoneyWorks4Me

IDFC’s arm to sell 50% stake in DIMITs

27 Sep 2022 Evaluate

IDFC’s wholly owned subsidiary -- IDFC Foundation has entered into Share Purchase agreement for sale of entire equity stake of 50% in Delhi Integrated Multi  ?  Modal Transit System (DIMITs) to Bharat Telematics.

IDFC is operating as an infrastructure finance company, i.e. financing infrastructure projects in sectors like energy, telecommunication, transportation, commercial and industrial projects including hospital, education, and tourism and hotels.

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