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IDFC Bank has said that its board is going to meet next month for consideration of fund raising through non-convertible debt securities on private placement basis.
IDFC Bank has said in a regulatory filing that “The 22nd Board Meeting of IDFC Bank Ltd will be held on Tuesday, April 25, 2017 at Mumbai to discuss and approve, among other items…. Fund raising through issue of non-convertible debt securities on private placement basis, if required during fiscal 2017-18 as part of its normal business of borrowing and lending funds.”
However, the bank has not disclosed on the quantum of funds it may raise.
