IDFC allots infra bonds worth Rs 179 cr

Infrastructure Development Finance Company (IDFC) today said that it has alloted 3.58 lakh infrastructure bonds worth Rs 179.16 crore with a face value and issue price of Rs 5,000 each.

"The committee of allotment of infrastructure bonds, duly authorised by board of directors, has alloted 3,58,331 bonds, having face value and issue price of Rs 5,000, aggregating Rs 1,79,16,55,000," the company statement said.

The board of directors approved the allotment of bonds in a meeting, it added.

According to the statement, the company has alloted the bonds in different series and mixed series, allotting 3,56,886 bonds worth Rs 1,78,44,30,000 and 1,445 bonds of Rs 72,25,000 respectively.

Source: Business Standard