Reserve Bank of India (RBI) has decreased foreign investment limit in IDFC from 52.50% to 52.25% of paid-up capital. RBI has notified that Foreign Institutional Investors (FIIs), through primary market and stock exchanges, can now purchase up to 52.25% of the paid up capital of IDFC under the Portfolio Investment Scheme (PIS).
The company has passed resolutions at the board of directors’ level and a special resolution by the shareholders, agreeing for decreasing the limit for the purchase of its equity shares and convertible debentures by FIIs.
IDFC is the country’s leading integrated infrastructure finance player providing end to end infrastructure financing and project implementation services.
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