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IDFC gains on buzz of plan to raise $300 million through foreign loans

10 Feb 2014 Evaluate

IDFC is currently trading at Rs. 98.00, up by 2.00 points or 2.08 % from its previous closing of Rs. 96.00 on the BSE.

The scrip opened at Rs. 97.00 and has touched a high and low of Rs. 98.70 and Rs. 96.35 respectively. So far 637550 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 165.45 on 17-May-2013 and a 52 week low of Rs. 76.25 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 97.10 and Rs. 88.10 respectively. The current market cap of the company is Rs. 14858.94 crore.

The Institutions and Non-Institutions held 82.41 % and 17.59 % respectively.

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.

IDFC-(Amalgamated) Share Price

108.00 0.00 (0.00%)
09-Oct-2024 16:01 View Price Chart
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