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IDFC First increases Rp30bn share sale
IDFC First Bank raised Rp30bn ($409m) this week from a larger than expected sale of primary shares.
The private sector lender turned to investors on Tuesday, looking to net at least Rp20bn from a qualified institutional placement (QIP).
IDFC First’s capital raising committee, a sub-committee of the board of directors, gave the final go ahead for the fundraising after Indian markets closed on Tuesday.
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