Barclays acquires 4.7% stake in IDFC

Industry:    2016-04-03

Barclays acquires 4.7% stake in IDFC

Barclays Bank Plc said on Wednesday it had acquired 4.7 per cent of Infrastructure Development Finance Company Limited of India (IDFC) for Rs 3.8 billion ($83.2 million).

The British bank said the purchase, through secondary market purchases, would allow it to expand in the fast-growing infrastructure sector in India.

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