Infrastructure Financing firm IDFC has raised Rs. 1,000 crore ($163.83 million) through the issuance of shares to qualified institutional investors..Amarchand Mangaldas acted for IDFC with a team led by Managing Partners Shardul Shroff along with Partner Prashant Gupta, Principles Associates Sayantan Dutta, Agnik Bhattacharya and Associates Shraddha Krishnan and Devi Prasad Patel..AZB & Partners acted for the Book Running Lead Managers – Kotak Mahindra Capital Company, IDFC Securities, CLSA India, Credit Suisse Securities, ICICI Securities Limited, JM Financial Institutional Securities and JP Morgan..The AZB team was led by Partner Varoon Chandra along with Senior Associate Lionel D’Almeida..IDFC undertook the issuance of equity shares through qualified institutional placement to reduce its foreign shareholding to below 50% as per the RBI Guidelines for licensing of new banks in the private sector.
Infrastructure Financing firm IDFC has raised Rs. 1,000 crore ($163.83 million) through the issuance of shares to qualified institutional investors..Amarchand Mangaldas acted for IDFC with a team led by Managing Partners Shardul Shroff along with Partner Prashant Gupta, Principles Associates Sayantan Dutta, Agnik Bhattacharya and Associates Shraddha Krishnan and Devi Prasad Patel..AZB & Partners acted for the Book Running Lead Managers – Kotak Mahindra Capital Company, IDFC Securities, CLSA India, Credit Suisse Securities, ICICI Securities Limited, JM Financial Institutional Securities and JP Morgan..The AZB team was led by Partner Varoon Chandra along with Senior Associate Lionel D’Almeida..IDFC undertook the issuance of equity shares through qualified institutional placement to reduce its foreign shareholding to below 50% as per the RBI Guidelines for licensing of new banks in the private sector.
