IDFC corporate structure as per Latest Annual Report. As per AR 21-22
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Application for merger of IDFC Alternatives, IDFC Projects and IDFC Trustee Company was filed in December 2021 and final order from NCLT is awaited.
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Steps to diverse stake in IDFC Foundation JV’s - Delhi Integrated MultiModal Transit System (DIMTS) and Infrastructure Development Corporation (Karnataka) Limited (IDeCK) with the state governments of Delhi and Karnataka respectively were undertaken.
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AMC sale is mentioned as subject to various regulatory approvals
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The Company had made provision of Rs.35.62 crore on Novopay Solutions Private Limited (“Novopay”) (associate of the Company). Performance of Novopay had lead to substantial erosion of its net worth. Accordingly, investment was completley impaired.
AGM on Sep 27, 2022 will give better clarity
Disc:-Invested
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