IDFC shares surge 5 per cent post share sale

Shares of finance company IDFC gained 5 per cent after it launched up a share sale worth up to $164 million on Wednesday.

Market traders continue to expect the infrastructure financing norms of Reserve Bank of India (RBI) to aid company's return ratios.

Shares of the scrip were trading at Rs 149.50 a piece, up 4.55 points, or 3.14 per cent, at the Bombay Stock Exchange (BSE) at 1:28 pm.

(Reuters)