Thursday, June 24, 2010

IDFC to raise up to $750 mln via QIP - source


MUMBAI (Reuters) - Infrastructure Development Finance Co (IDFC) plans to raise up to $750 million through a qualified institutional placement, a source with direct knowledge said on Thursday.

In late April, the lender's board had approved raising up to 35 billion rupees ($750 million) to fund future growth needs.

(Reporting by Prashant Mehra)

No comments:

Post a Comment