Home » IDFC to raise $300 mn

IDFC to raise $300 mn

Infrastructure Finance
February 1, 2014February 1, 2014
IDFC to raise $300 mn
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Infrastructure Development Finance Company (IDFC) is planning to raise $300 million through foreign loans. Earlier, in the third quarter (Q3) of the current financial year, the company raised $150 million through international loans with a five-year maturity. IDFC posted a 10 per cent rise in consolidated net profit at Rs 501 crore for Q3, compared with Rs 455 crore in the corresponding period last year.

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