Infrastructure Development Finance Company (IDFC) is reportedly planning to raise $300 million through foreign loans. The company will raise the funds to diversify sources and keep the interest of international investors alive.
The company raised $150 million in the third quarter of the current financial year through international loans with a five-year maturity. It has been raising funds from international markets regularly, through bonds and loans.
IDFC, a bank license aspirant, posted a 10 per cent rise in consolidated net profit at Rs 501 crore for Q3, compared with Rs 455 crore in the corresponding period last year.
