Malaysias Khazanah unit selling $80 mn shares in IDFC Bank

A unit of Malaysian sovereign wealth fund Khazanah Nasional is selling around USD80 million worth of shares in Indian private lender IDFC Bank, according to a term sheet seen by Reuters on Tuesday.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money IThe Winning Leap SME Special
Moneycontrol

Home » News » Business

Nov 29, 2016, 10.05 PM | Source: Reuters

Malaysia's Khazanah unit selling $80 mn shares in IDFC Bank

A unit of Malaysian sovereign wealth fund Khazanah Nasional is selling around USD80 million worth of shares in Indian private lender IDFC Bank, according to a term sheet seen by Reuters on Tuesday.

Like this story, share it with millions of investors on M3

Malaysias Khazanah unit selling $80 mn shares in IDFC Bank

A unit of Malaysian sovereign wealth fund Khazanah Nasional is selling around USD80 million worth of shares in Indian private lender IDFC Bank, according to a term sheet seen by Reuters on Tuesday.

Post Your Comments

Share Cancel

| 5 Comments
Malaysias Khazanah unit selling $80 mn shares in IDFC Bank
A unit of Malaysian sovereign wealth fund Khazanah Nasional is selling around USD80 million worth of shares in Indian private lender IDFC Bank , according to a term sheet seen by Reuters on Tuesday.

Sipadan Investments (Mauritius) Ltd, the Khazanah arm, is selling about 80.4 million shares in IDFC Bank in a block trade, with a price range of 68.25 rupees to 71.10 rupees apiece, the term sheet showed.

The deal will be priced on Wednesday.

On Tuesday, IDFC Bank shares rose 1.5 percent to end at 71.10 rupees.

 

Buy, Hold, Sell ? Hear it first on M3
Malaysias Khazanah unit selling $80 mn shares in IDFC Bank

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login