IDFC Qualified Institutional Placement Issue Opens, to Raise Rs 2,000 Crore

New Delhi: IDFC Ltd 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, the infrastructure financing firm 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).

IDFC in April this year was granted an in-principle licence by the Reserve Bank of India (RBI) to set up a commercial bank

Shares in IDFC, on Wednesday, ended at Rs 144.95 apiece on the BSE, up 2.08 per cent from the previous close.