Barclays takes 4.7% stake in IDFC for Rs 380cr

Barclays takes 4.7% stake in IDFC for Rs 380cr

Our Web Bureau / Mumbai October 11, 2006

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.