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News Details

( 11 Feb 2019)
IDFC L - Diversification/Disinvestment

IDFC Limited has informed the Exchange that IDFC Limited and IDFC Financial Holding Company Limited (??IDFC FHCL??) have entered into an understanding with The Chatterjee Group [??TCG??]. Pursuant to the said understanding, one or more entities of TCG will acquire equity stake in IDFC Securities Limited from IDFC FHCL in one or more tranches over a period of time. The necessary definitive agreement will be signed among the parties shortly. The said transaction will conclude on the receipt of the requisite regulatory approvals as applicable.