India's IDFC rises on unit's sale of entire stake in DIMITs

IDFC

27/09/2022 06:00

** Shares of non-banking finance co IDFC Ltd  IDFC.NS  rise
as much as 2.78% to 64.6 rupees, their biggest intraday pct gain
since Sept. 19
    ** Co says it has entered into a share purchase agreement
with Bharat Telematics Ltd to sell its entire 50% equity stake
in Delhi Integrated Multi‐Modal Transit System Ltd (DIMITs)
(nFWN30X1FW)
    ** DIMITs is held by co's unit IDFC Foundation
    ** More than 2.5 million shares change hands by 0447 GMT vs
30-day avg of 7.4 million shares
    ** Stock down 0.24% YTD up to last close
 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com;))