IDFC Update by Epic Research

IDFC, leading integrated infrastructure finance player, has reduced the foreign shareholding limit from 52.25% to 51.50% in view of its plans to rollout banking services next year. The company has passed resolutions at the Board of Directors’ level and a special resolution by the shareholders, agreeing for decreasing the limit for the purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs)/ Registered Foreign Portfolios Investors (RFPIs).



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Posted in: Indian Market Tips