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IDFC

IDFC looking forward in generating good revenue

IDFC looking forward in generating good revenue
We downgrade IDFC to ‘neutral’ from ‘buy’ with a fair value of R143 a share. We are not pricing in a blue-sky scenario as of now. IDFC is trading at 1.3x FY16e adjusted book value and we expect it to generate 13 percent return over the next 10 years in the base case (target multiple [...] Continue Reading »

In Q1FY15 debt private placement by India Inc. falls by 55%

In Q1FY15 debt private placement by India Inc. falls by 55%
Eighty-one companies in India borrowed Rs 43,147 crore through private placements in the first quarter of FY15. This figure is 55 % less than what they did the corresponding quarter of FY14 (Rs 96,186 crore). PSUs (Public Sector Units) did not borrow through this route at all as against Rs 8,568 crore they did in [...] Continue Reading »

IDFC Alternatives plans to raise over Rs 1,000-cr commercial realty fund

IDFC Alternatives plans to raise over Rs 1,000-cr commercial realty fund
A new commercial realty fund is apparently being raised by IDFC Alternatives, a private-equity division of infrastructure finance firm IDFC Ltd. According to two unidentified sources familiar with IDFC Alternatives’ plans, the new fund that will be raised by the bigwig multi-asset-class investment fund manager will be more than Rs 1,000 crore. At present, IDFC [...] Continue Reading »

RBI eases lending norms: boost to infra sector expected

RBI eases lending norms: boost to infra sector expected
The Reserve Bank of India (RBI) has dropped the threshold for partial take-out financing by new lenders to a minimum of 25 % of the outstanding loan from 50 % now. The guidelines for refinancing the project loans were eased to quite an extent and the RBI declared that the reworked loan will not be considered [...] Continue Reading »

HDFC Prospers from Indian Real Estate Investment

HDFC Prospers from Indian Real Estate Investment
HDFC Property Fund, a part of financial sector conglomerate HDFC, is responsible for raising $250 million (over 1500 crores) by investing in residential properties across Indian cities and obtaining revenue from marquee international Investment Investors. This marks the closure of the second international HDFC real estate fund, and the first fund of $800 million procured [...] Continue Reading »

IDFC PE looking to sell two IT parks – in Pune and Noida

IDFC PE looking to sell two IT parks – in Pune and Noida
Infrastructure Development Finance Corporation (IDFC)’s private equity arm – IDFC Alternatives Ltd – is apparently looking to sell two of its IT parks for Rs 1,100 crore. According to the details shared by two anonymous sources aware of the proceedings, the IT parks which IDFC Alternatives Ltd is looking to sell are two of the [...] Continue Reading »

IDFC set to be the new concessionaire of Delhi-Gurgaon Expressway

IDFC set to be the new concessionaire of Delhi-Gurgaon Expressway
IDFC Ltd is apparently set for a formal takeover of the Delhi-Gurgaon Expressway; with all the pre-requisites required for the imminent move having seemingly been put in place. In order to facilitate IDFC in formally taking over the Delhi-Gurgaon Expressway, a meeting is scheduled to take place – on Tuesday – between senior officials of [...] Continue Reading »

For infrastructure building Banks may get access to long-term bond

For infrastructure building Banks may get access to long-term bond
The Reserve Bank of India (RBI) once it revisits the existing guidelines will open up the banking space to more entrants. In the past the central bank has observed that it needs more differentiated players in the system and that licences would be available ‘on tap’; in keeping with this viewpoint, windows for accepting applications [...] Continue Reading »

Pune’s real estate market gets a boost from the Private equity players

Pune’s real estate market gets a boost from the Private equity players
Pune real estate sector is witnessing some renewed interests of private equity players. The reasons may be the uninhibited influx of professionals and a robust local economy, which is relatively less affected by the economic downturn, The developers have also ensured a steady demand for homes and offices in the city. This has helped induce [...] Continue Reading »

Funds in race to buy NCC’s highway assets

Funds in race to buy NCC’s highway assets
NCC is looking to reduce its debt and is negotiating with potential buyers to sell two highway assets.  Squared Capital, IDFC and Acropolis Capital are in the race for the two assets. The assets are Meerut-Muzaffarnagar highway and the Bengaluru-elevated expressway. NCC is expecting to obtain a combined enterprise value of aroundRs 2,000 crore from [...] Continue Reading »



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