Monday, November 29, 1999

IDFC to raise up to $750 mln via QIP - source

News posted by www.newsinfoline.com

Infrastructure Development Finance Co (IDFC) plans to raise up to $750 million through a qualified institutional placement, a source with direct knowledge said on Thursday.In late April, the lender's board had approved raising up to 35 billion rupees ($750 million) to fund future growth needs.(Reporting by Prashant Mehra)

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