Infrastructure Development Financial Company (IDFC)
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 »
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 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 »
Infrastructure sector is likely to be affected by the RBI decision to award the IDFC a full-fledged banking license, as it has been facing a slowdown already and the company was a leading an integrated infrastructure finance player ,as told by the State Bank of India (SBI), the country’s largest lender. Arundhati Bhattacharya, SBI chairperson [...] Continue Reading »
New Delhi- The Infrastructure Development Financial Company (IDFC) is geared up to hold a whooping share of about 74 percent in the project of Delhi-Gurgaon Expressway, by relieving the project concessionaire. Despite the IDFC holding a greater share, there has not yet been any clarity about the IDFC’s move fetching benefit to the commuters. However IDFC refuses [...] Continue Reading »
