IDFC Ltd approves allotment of 7.3 crore shares at Rs. 137 through QIP

The Capital Raise Committee of Directors of IDFC Ltd has, by a resolution dated September 16, 2014, approved the allotment of 7,30,00,000 (Seven Crore Thirty Lac) Equity Shares at a price of Rs. 137 (Rupees One Hundred and Thirty Seven only) per Equity Share [including a premium of Rs. 127 (Rupees One Hundred and Twenty Seven only) per Equity Share], aggregating to Rs. 1,000.10 crore, to Qualified Institutional Buyers under Chapter VIII of the SEBI Regulations and in accordance with the Companies Act.

Shares of IDFC LIMITED was last trading in BSE at Rs.143.9 as compared to the previous close of Rs. 147.7. The total number of shares traded during the day was 794509 in over 10061 trades.

The stock hit an intraday high of Rs. 148.85 and intraday low of 143.2. The net turnover during the day was Rs. 115533373.

Source : Equity Bulls

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