Mumbai; February 10, 2011
IDFC bond issue receives approximately 3.88 lakh investor applications
Issue collects approximately 765 crore in the second tranche
Mumbai, February 10, 2011: Infrastructure Development Finance Company Limited (IDFC ) collected approximately 3.88 lakh investor applications for an approximate amount of 765 crore(provisional number) in the second tranche of its long term infrastructure bonds, in the nature of secured, redeemable, non-convertible debentures having benefits under section 80 CCF of the Income Tax Act.
The collection by IDFC through the two tranches of retail bond issue aggregates approximately 1,236 crore from approximately 6.29 lakh applicants.
The Lead Managers to the Issue are Kotak Mahindra Capital Company Limited, Enam Securities Private Limited, HDFC Bank Limited, ICICI Securities Limited, JM Financial Consultants Private Limited and IDFC Capital Limited. IDBI Trusteeship Services Limited is the debenture trustee.
IDFC is a leading knowledge-driven financial services company in India and plays a central role in advancing infrastructure development in the country. The Company provides a full range of financing solutions to its clients. Established in 1997 as a private sector enterprise by a consortium of public and private investors, the Company listed its Equity Shares in India pursuant to an initial public offering in August 2005.