Infrastructure Development Finance Company Ltd’s committee of directors on September 28 approved the shelf prospectus of the proposed public issue of long-term infrastructure bonds of face value of Rs 5,000 each.
The issue will be in the nature of secured, redeemable, non-convertible debentures, having benefits under Section 80CCF of the Income-Tax Act, 1961, not exceeding in aggregate Rs 5,000 crore for the financial year 2011-2012 in one or more tranches by IDFC Ltd.