UK's Barclays Bank is on an investment spree in Indian financial services providers. It now has acquired a 4.7 per cent stake in Infrastructure Development Finance Corporation (IDFC) for Rs 380 crore. | |
| This acquisition includes purchase of 2.11 crore shares (about 1.87 per cent) of IDFC for Rs 151.7 crore in a bulk deal on the National Stock Exchange. |
| |
| Barclays' investment arm, Barclays Capital Mauritius, has acquired the stake in IDFC. |
| |
| Barclays Bank, in a statement, said the stake was acquired through secondary market operations and it is in the nature of investment into India's largest infrastructure finance company. |
| |
| Barclays also holds 4.95 per cent stake in UTI Bank and 9 per cent in Asset Reconstruction Company India Ltd (ARCIL). It has also bid for nearly 5 per cent stake in Development Credit Bank during its initial public offer, which closed on October 6. |
| |
| IDFC shares closed at Rs 72 on the National Stock Exchange today, up from yesterday's close of Rs 71.05. |
| |
|
| |
