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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.



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