IDFC to issue shares under QIP at Rs 168.25

Infrastructure Development Finance Company Ltd has announced that, in respect of issue of equity shares of face value Rs. 10 each of the Company to QIBs under Qualified Institutions Placement in terms of Chapter VIII of the SEBI Regulations, the Committee, duly authorized by the Board of Directors of the Company, has decided to issue and allot on July 07, 2010, 157,752,090 equity shares of face value Rs. 10 each at a price of Rs. 168.25 per equity share (including a premium of Rs. 158.25 per equity share) aggregating Rs. 2654.18 crore.

The stock closed the day at Rs.179.05, down by Rs.2.10 or 1.16%. The stock hit an intraday high of Rs.182.45 and low of Rs.177.55.

The total traded quantity was 1784543 compared to 2 week average of 1598893.

Source : Equity Bulls

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