IDFC Ltd. informs that its Board of Directors has considered and declared an interim dividend of 10% 1 per equity share of the company. IDFC shares were trading lower by over 5% in Thursday’s deals 64.8 each on BSE.
“We would like to inform you that the Board of Directors of IDFC Limited (‘IDFC’ or ‘Company’) in its meeting held today i.e. April 06, 2022, considered and announced the interim Dividend 10% i.e. Rs. 1 per equity share,” IDFC announced in an exchange filing on Wednesday.
Further, the company stated that “interim dividend shall be payable to all equity shareholders, whose names appear in the register of members of the company at the end of the day on 20th April, 2022, which is the record date for the purpose.” interim dividend.” Therefore, interim dividend will be paid to eligible shareholders on or after May 01, 2022.
IDFC is a leading finance company in India providing services ranging from infrastructure financing, infrastructure development, investment banking and more. Shares of IDFC Ltd have gained over 29% in the one-year period, while the financial services company’s stock has gained nearly 2% so far in 2022 (Year-to-date or YTD).
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