Barclays picks 3.8 pc in IDFC | india | Hindustan Times
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Barclays picks 3.8 pc in IDFC

india Updated: Oct 11, 2006 21:06 IST
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Overseas fund house Barclays Capital on Wednesday acquired about 3.8 per cent stake in the domestic infrastructure financing major IDFC Ltd for about Rs 306 crore through open market transactions.

Barclays Capital Mauritius Ltd acquired over 4.25 crore shares of Infrastructure Development Finance Company (IDFC) Ltd in two separate bulk deals.

According to data available with the stock exchanges, Barclays purchased 2.11 crore shares in a bulk deal at the Bombay Stock Exchange at a price of Rs 71.94 per share, while it bought another 2.15 crore shares at a price of Rs 71.98 per share in a bulk deal at the National Stock Exchange.

HSBC Global Investments Funds, which held over 2.61 crore shares amounting to a 2.33 per cent stake in IDFC at the end of the June quarter, sold 1.69 shares at a price of Rs 72 per share, taking the total deal value to about Rs 121 crore.

The State Bank of India (SBI) sold another 2.05 crore shares at a price of Rs 72 per share, with a total deal value of Rs 148 crore, in another bulk deal at the NSE.

SBI held a 3.74 per cent stake in IDFC with its holding of 4.2 crore shares as on June 30.

Shares of IDFC closed about one per cent higher at Rs 71.70 at the BSE.

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