The investment holding arm of Malaysian government, Khazanah Nasional Berhad has acquired 8.97% stake in Infrastructure Development Finance Company (IDFC), a specialised financial intermediary for infrastructure, for Rs 848.16 crore.In a block deal that was struck yesterday, Khazanah Nasional Berhad on account of Sipadan Investments acquired around 10.09 crore shares at a price of Rs 84 each from UBS Securities Asia who sold the shares on behalf of Mauritius based Swiss Finance Corporation, data available on the NSE shows.Khazanah Nasional is the investment holding arm of the Malaysian Government entrusted to manage the commercial assets held by the Government and to undertake strategic investments.Khazanah was incorporated in 1993 as a public limited company and commenced operations a year later.As per the latest shareholding data available on the bourses, Swiss Finance Corporation previously held 10.13 crore shares representing 9% stake in IDFC.Other foreign investors, who held significant stakes in IDFC, are Indivest (3.79%), Nikko Cordial Corporation (2.49%), Morgan Stanley & Company International (3.62%), Goldman Sachs Investments (3.73%) and Barclays Capital Mauritius (4.96%).
