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. Click here for Cloud Computing Also Read Related Stories News Now - Today's picks - Today's picks - GMR finalising move to raise Rs 650 cr - After MFI turmoil, chit funds the next big draw - Today's picks - Intermediate trend negative for most sectors The board of directors approved the allotment of bonds in a meeting held yesterday, 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. Shares of IDFC today closed at Rs 135.05 apiece, up 1.73% over their previous close on the BSE.