Infrastructure Development Finance Company
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| Industry | Banking, Financial services |
|---|---|
| Founded | 1997 (Chennai) |
| Headquarters | Chennai, Tamilnadu , |
Area served | India |
| Services | Infrastructure Advisory and Finance Investment banking Asset Management |
| Subsidiaries | IDFC Project Equity IDFC First Bank |
| Website | www |
Infrastructure Development Finance Company Limited, more commonly known as IDFC, is a finance company based in India. It provides finance and advisory services for infrastructure projects as well as asset management and investment banking.[1]
Company history[]
IDFC was incorporated on 30 January 1997 with its registered office in Chennai and started operations on 9 June 1997.[2]
In August 2005, the company's equity shares were listed at the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE) after an initial public offering.[3]
In May 2008, the company entered into asset management by acquiring the AMC business of Standard Chartered Bank in India, namely Standard Chartered Asset Management Company Pvt Ltd and Standard Chartered Trustee Company Pvt Ltd; the acquired companies was re-branded as IDFC Asset Management Company Pvt Ltd and IDFC AMC Trustee Company Pvt Ltd respectively.[4]
In 2008–09, the company subscribed 100% of equity shares of IDFC Capital (Singapore) Pte Ltd. During the year, the company established IDFC Foundation to focus on capacity building, policy advisory and sustainability initiatives.[5]
IDFC Bank started operating banking services on 1 October 2015.[6]
References[]
- ^ "Buy IDFC target Rs 61: Manas Jaiswal". The Economic Times. 1 September 2017. Retrieved 27 January 2018.
- ^ "IDFC Ltd" – via Business Standard.
- ^ "IDFC Ltd. Stock Price, Share Price, Live BSE/NSE, IDFC Ltd. Bids Offers. Buy/Sell IDFC Ltd. news & tips, & F&O Quotes, NSE/BSE Forecast News and Live Quotes". www.moneycontrol.com.
- ^ Reporter, B. S. (8 March 2008). "IDFC buys StanChart AMC for $205 million" – via Business Standard.
- ^ "About Us". www.idfcfoundation.com.
- ^ Vishnoi, Abhishek. "IDFC bank unit to begin operations from 1 October". Live Mint. HT Media Ltd. Retrieved 2 October 2015.
External links[]
- Infrastructure in India
- Financial services companies based in Chennai
- Companies listed on the Bombay Stock Exchange
- IDFC First Bank
- 1997 establishments in Tamil Nadu
- Indian companies established in 1997
- Companies listed on the National Stock Exchange of India