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IDFC said that its board of directors has decided to issue equity shares of face value Rs 10 each of the company to qualified institutional buyers (QIBs).
This is subsequent to shareholders' approval on July 29 to issue and allot equity shares of up to Rs 2,000 crore to QIBs.
The floor price is Rs 143.70 a share, and the relevant date is September 10, 2014, the company said in a communication to the stock exchange.
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