IDFC partners FTSE in creation of New India Infrastructure Index Series

Infrastructure Development Finance Company Ltd (IDFC) has announced that the Company has partnered with FTSE to launch the First India Infrastructure Index. The "FTSE IDFC India Infrastructure Index Series" was launched on July 24, 2007 by the Hon. Union Finance Minister, Mr. P Chidambaram at New Delhi.

"New tools for investors seeking to access the Indian infrastructure market were unveiled on July 24, 2007 by global index provider FTSE Group ("FTSE"), and the Company (IDFC). The FTSE IDFC India Infrastructure Index Series will represent the performance of Indian companies listed on the National or Bombay Stock Exchanges in India, generating the majority of their revenue from infrastructure, and is designed to underpin the creation of index tracking funds and structured products.

The two organizations are natural partners to develop a new infrastructure index, bringing together FTSE’s award-winning and globally recognised index design and calculation expertise, and IDFC’s unique and extensive expertise in the field of Indian infrastructure.

The FTSE IDFC India Infrastructure Index Series was launched on July 24, 2007 by the Hon'ble Union Finance Minister, Mr. P Chidambaram, at an event held at Hotel Taj Mansingh, New Delhi.

Dr. Rajiv Lall, Managing Director and Chief Executive Officer of IDFC, stated, "The Indian infrastructure space is on a long term secular growth path and the FTSE IDFC India Infrastructure Index Series is a reflection of IDFC’s continuous effort to be creative and innovative in developing products relating to Indian Infrastructure. The index series will be extremely useful to Indian and international investors in getting exposure to Indian infrastructure through funds and structured products. We are delighted to partner FTSE, which is a world leader in index creation and management, in the creation of the first Indian Infrastructure Index".

FTSE IDFC India Infrastructure Index Series contains one tradable and one benchmark index and is calculated in real time and end of day basis. It contains stocks listed on the National or Bombay Stock Exchanges, focused on infrastructure sectors including Transportation, Energy, Communication and Construction. More information on Ground Rules, constituents and performance of the new indices is available at www.ftse.com/india."

Source : Equity Bulls

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