IDFC approves allotment of 165354330 equity shares

Infrastructure Development Finance Company Ltd (IDFC) has announced that the Allotment Committee of Directors of the Company on July 11, 2007 has approved the allotment of 165354330 equity shares of Rs 10 each for cash at a price of Rs 127 per share to QIBs in terms of the special resolution passed by the shareholders at the 10th Annual General Meeting held on June 28, 2007.

The stock was trading at Rs.126.40, up by Rs.0.45 or 0.36%. The stock hit an intraday high of Rs.127.20 and low of Rs.124.05. The total traded quantity was 323012 compared to 2 week average of 1746394.

Source : Equity Bulls

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