In a bid to get banking license, IDFC is looking to bring down ceiling limit for foreign shareholding to below 50%. The company’s present ceiling limit is at 54% and the Foreign Shareholding as on December 6, 2013 was 51.27%.
If the company does not receive the banking license from Reserve Bank of India (RBI), it will take steps to increase ceiling on the foreign shareholding to 74%, which it was maintaining during the guidelines were announced.
IDFC is the country’s leading integrated infrastructure finance player providing end to end infrastructure financing and project implementation services.
