Comments
Sipadan Investment (Mauritius) Ltd has sold IDFC shares carrying 2.17 per cent voting rights with respect to the company’s total share/voting capital.
After selling the shares in the open market, Sipadan holds 7.30 per cent stake in IDFC, as per the company’s regulatory filing.
IDFC is registered with the Reserve Bank of India as an ‘non-banking finance company — investment company’. It mainly holds investment in IDFC Financial Holding Company Ltd, which is a non-operative financial holding company.
IDFC FHCL in turn holds investments in IDFC FIRST Bank Ltd and IDFC Asset Management Company Ltd.
As at September-end 2020, the government was the single largest shareholder in IDFC, with 16.37 per cent stake.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.