NBFC-major,
HDFC has announced that the company invested in 3,88,303 equity shares of Rs10 each of Kerala Infrastructure Fund Management Limited (KIFML) representing 9.90% of its share capital issued on a private placement basis.
KIFML was promoted by the Kerala Infrastructure Investment Fund Board (KIIFB) to manage Kerala Infrastructure Fund.
KIFML acts as the Asset Management Company.
At around 1.38 pm, HDFC was trading at Rs2468.80 per piece up by Rs22.80 or 0.93% on Sensex.