Infrastructure Development Finance Company (IDFC ) HAS collected approximately 3.88 lakh investor applications for an approximate amount of Rs 765 crore (provisional number) in the second tranche of its long term infrastructure bonds, in the nature of secured, redeemable, non-convertible debentures having benefits under section 80 CCF of the Income Tax Act.
According to a company release, the collection by IDFC through the two tranches of retail bond issue aggregates approximately Rs 1,236 crore from approximately 6.29 lakh applicants.
The lead managers to the issue are Kotak Mahindra Capital, Enam Securities, HDFC Bank, ICICI Securities, JM Financial and IDFC Capital. IDBI Trusteeship Services is the debenture trustee.
