IDFC collects from Khazanah, Actis
Indian infrastructure finance leader Infrastructure Development Finance Co. (IDFC) is to raise INR840 crore ($179 million) through an institutional placement of convertible preference shares to current investor Malaysian SWF Khazanah Nasional and UK private equity firm Actis Capital.
The parent of IDFC Private Equity and IDFC Project Equity will give a 9% stake to Khazanah, preserving its current holding level under the new scheme, and a 1.7% stake to Actis via the deal, with both...
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