Breaking News

You are here » Indian-Commodity  :  Corporate  :  IDFC plans to raise Rs 10,000 crore for business expansion

04-Jul2017

IDFC plans to raise Rs 10,000 crore for business expansion

IDFC is planning to raise Rs 10,000 crore by issuing debt securities on private placement basis for which it will seek its shareholders' approval. The company is eyeing to raise funds as it needs money to augment its business. The annual general meeting of the company is scheduled for July 28, 2017.

The pricing of the secured redeemable non- convertible debentures (NCDs)/commercial papers will depend upon the then prevailing market conditions and the regulatory scenario.

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



Related News

View all news

BEML, Syndicate Bank join hands for financing earth moving equipment

BEML and Syndicate Bank, one of the oldest and leading public sector bank, have signed a memorandum of understanding (MoU) for financing Earth Moving & Construction Equipment manufactured by BEML.......

Lakshmi Vilas Bank planning to raise Rs 188.16 crore

Lakshmi Vilas Bank is planning to raise Rs 188.16 crore by allotting 4.99 percent of its shares at Rs 112 apiece on a preferential basis to Indiabulls Housing Finance.Earlier, the private sector lender......

AU Small Finance Bank reports 50% growth in loans in Q4FY19

AU Small Finance Bank has reported 50% growth in loans and 42% growth in PAT of Q4 FY19. Q4 FY19 Disbursements crossed Rs 5,000 crore mark.AU Small Finance Bank is a small finance bank (SFB) that has recently......

Top News

View all news

Jet Airways reports passenger load factor of 86.7% in March

Jet Airways (India) has reported the Passenger Load Factor (PLF) of 86.7% during the month of March 2019. The company had reported the Passenger Load Factor of 89.4% during the month of February......

IndiGo launches additional daily non-stop flights to strengthen connectivity from Delhi

InterGlobe Aviation (IndiGo) has launched six additional daily non-stop flights to strengthen connectivity from Delhi. Effective May 25, the airline will operate its first direct flight on Delhi-Allahabad......

McLeod Russel to sell specified assets of its certain Tea Estates

McLeod Russel India has executed an agreement for sale of Specified Assets of Addabarie Tea Estate, Mahakali Tea Estate and Dirai Tea Estate of the Company, with Luxmi Tea Company on April 22, 2019.Earlier,......