IDFC Update by Epic Research

IDFC, leading integrated infrastructure finance player, is reportedly looking to sell two IT Parks for Rs 1,100 crore. The company had acquired Noida IT Park, measuring about approx 1.36 m sq ft, from DLF-3C JV in FY 11 for Rs 500 crore, while it bought Pune IT SEZ, which is about 1.48 m sq ft, from Paranjape Schemes for Rs 450 crore. Further, likely bidders to twin IT parks include, Blackstone, GIC, Ascendas and RMZ.



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Posted in: Indian Market Tips