IDFC

IDFC appoints new chairman; net jumps 37%

IDFC appoints new chairman; net jumps 37%

Infrastructure financier IDFC has announced that its current Managing Director & Chief Executive Officer Rajiv Lall would replace outgoing chairman Deepak Parekh.

Mr. Parekh will leave the government-promoted IDFC to chair the IDFC advisory council - consultative body that will be formed within the next few months. Mr. Parekh has been the chairman of the government promoted infrastructure financier for the last fifteen years.

IDFC's capital raising initiatives

IDFC's capital raising initiatives

Infrastructure Development Finance Company has decided to toast up approximately Rs 3,500 crore of rank 1 capital which has been given the green signal by the Board of Directors and Shareholders.

Further the IDFC group has decided to hoist up Rs 2,654 crore from the preceding of its shares through the Qualified Institutional Placement path. However the QIP was crafted at a price of Rs 168.25 per share.

IDFC: Building muscle power and reach

IDFC: Building muscle power and reach

Infrastructure Development Finance Corporation (IDFC) is being closely watched by many sections of the industry as increased funding of projects and a wider operational base has enabled the company to position itself as a premier finance firm. With growth prospects increasing in most sectors/companies, IDFC in all possibilities will be accelerating on the growth path.

Like a typical growth stock, the scrip had raised when the company announced its fund-raising plans, and even more when it actually managed to raise around Rs 2,654 crore from the qualified institutional investors.

IDFC transforms into finance company

IDFC transforms into finance company

As per the directive of the apex bank, the Reserve Bank of India (RBI), Infrastructure Development Finance Company (IDFC) has become a financial company.

This has been done so that it becomes cheaper for the infrastructure funding company to have access to cheaper funds and other resources.

To be precise, the RBI has made IDFC a infrastructure finance company in the whole umbrella of Non Banking Finance Company (NBFC). This information was given by the firm to the BSE.

IDFC reports net profit growth of 46%

IDFC-LOGOIt was today specified by Infrastructure Development Finance Company (IDFC) that the company's consolidated net profit grew by 46% to Rs 269.90 crore for the Q3 ended 31st December, 2009.

A decent growth to Rs 997.80 crore for the quarter ended December was seen in the total income, from Rs 865.20 crore in the same period previous fiscal.

IDFC Project to pick stake in two infrastructure projects with an investment worth $110 million

IDFCIDFC Project Equity Co Ltd, a 100% subsidiary of IDFC and a leading infrastructure equity investment manager in India, is poised to invest about $110 million in the next few weeks to pick up stakes in two major infrastructure projects in the country.

IDFC MF introduces ‘Plan C in IDFC Super Saver Income Fund’

IDFC MF introduces ‘Plan C in IDFC Super Saver Income Fund’IDFC Mutual Fund, India's largest and most active private equity fund focused on infrastructure has introduced a new investment plan christened 'Plan C in IDFC Super Saver Income Fund' Investment Plan with effect from 16 February 2009.

The schemes offer growth and dividend option and the dividend option further offers dividend payout and reinvestment scheme.

IDFC Projects inks MoUs with Gujarat State Energy, and BHEL

IDFC Projects inks MoUs with Gujarat State Energy, and BHELInfrastructure Development and Finance Corporation (IDFC) Projects, a wholly owned subsidiary of Infrastructure Development Finance Company (IDFC) has signed two MoUs with Gujarat State Energy Company (GSECL) as well as Bharat Heavy Electricals (BHEL) to establish a 1600 mw thermal power plant at Sarkhadi.

IDFC Projects To Set Up Thermal & Solar Plants In Gujarat

At the Vibrant Gujarat Summit 2009, Infrastructure Development Finance Co Ltd announced that its unit IDFC Projects Ltd has signed two MoUs with Gujarat State Energy Company (GSECL) and Bharat Heavy Electricals (BHEL) to set up a 1600 Mw thermal power plant at Sarkhadi based on supercritical technology.

The MoUs were signed in the presence of Gujarat Chief Minister, Narendra Modi and other senior government officials.

IDFC Mutual Fund rolls out Fixed Maturity Plans – Quarterly Series 44

IDFC Mutual Fund, India’s largest and most active private equity fund focused on infrastructure has launched IDFC Fixed Maturity Plans- Quarterly Series 44, a close ended income scheme in Indian market.

The new fund, whose face value is Rs 10 per unit will offer subscription from 6 October 2008 to 7 October 2008.  

The investment objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments maturing normally in line with the duration of the scheme.