Barclays takes 4.7% stake in IDFC for Rs 380cr
Barclays Bank today announced it has acquired a 4.70% equity holding in Infrastructure Development Finance Company (IDFC). The equity stake was acquired through Barclays Capital Mauritius, a registered Foreign Institutional Investor, via secondary market purchases and is in the nature of an investment. The total amount invested was approximately Rs 380 crore, according to an official release issued by the company today.
“Our stake in IDFC underlines our interest in the fast growing infrastructure sector in India and allows us to participate through an investment in the largest infrastructure finance company in India. We believe India presents us with tremendous opportunities and this investment further evidences our desire to be part of the India growth story,” Robert Morrice, chairman & CEO of Barclays Asia-Pacific, said.
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