IDFC eyes Rs 2,000 cr from share sale

Infrastructure financing firm IDFC plans to raise Rs 2,000 crore from share sale to institutional investors through an issue which opened on Wednesday.

The floor price has been fixed at Rs 143.70 apiece, IDFC said in a filing to the BSE.

Earlier on July 29, the shareholders of IDFC had allowed issuance of shares for up to Rs 2,000 crore to qualified institutional buyers (QIBs).

The issue opens on September 10, it added.

IDFC in April this year was granted an in-principle licence by the RBI to set up a commercial bank

Shares of IDFC closed at Rs 144.95, up 2.08 per cent over previous close on the BSE.