Earlier on 25 April 2007, the board of directors of the company had approved a plan to raise capital through issue of equity or quasi-equity instruments up to $ 500 million subject to the approval of the shareholders.
The scrip hit a high of Rs 135.80 today, which is a lifetime high for the scrip. It hit a low of Rs 132.2 so far during the day. It had touched a 52 week low of Rs 43.35 on 24 July 2006.
Infrastructure Development Finance Company (IDFC) scrip had declined 16.07% over the last one month to 2 July 2007 compared to the Sensex’s return of 0.64%. The scrip outperformed the market over the past quarter, gaining 71.17% compared to the Sensex’s rise of 16.16%.