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Tuesday, Jun 28, 2005

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IDFC IPO price band at Rs 29-34 a share

Our Bureau

Mumbai , June 27

INFRASTRUCTURE Development Finance Co Ltd has filed a red herring prospectus with the Registrar of Companies for its public issue with a price band of Rs 29-34 per share of face value Rs 10.

The public issue of 40.3 crore equity shares of Rs 10 each comprises a fresh issue of 12 crore equity shares of Rs 10 each and an offer for sale of 28.3 crore equity shares of Rs 10 each.

The objectives are to achieve the benefits of listing and raise capital to support the company's future growth in assets.

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IDFC IPO price band at Rs 29-34 a share


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