IDFC collects Rs 765 crore from 3.88 lakh investors in the second tranche of its retail infrastructure bond issue
Mumbai: Infrastructure Development Finance Company (IDFC) collected Rs 765 crore in the second tranche of its tax-saving infrastructure bond issue.
IDFC received about 3.88 lakh applications from retail investors. The issue was open from January 17 to February 4, 2011.
In the first tranche in November 2010, IDFC had collected Rs 436 crore from 2.35 lakh investors.
IDFC had filed with SEBI an umbrella prospectus for infrastructure bonds for raising a total of Rs 3,400 crore in tranches till March 2011.
Two other infrastructure bond issues are still open. India Infrastructure Finance Company has a target of raising Rs 1,200 crore through its bond issue, which closes on March 4, 2011.
L&T Infrastructure Finance is seeking to raise a total of Rs 400 crore, including a greenshoe option. The issue closes on March 7, 2011.
