April 05, 2021
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Housing Development Finance Corporation Ltd (HDFC) has acquired 9.9 per cent stake in Kerala Infrastructure Fund Management Ltd.
“.the Corporation has today invested in 3,88,303 equity shares of Rs 10 each of Kerala Infrastructure Fund Management Limited representing 9.9 per cent of its share capital issued on a private placement basis,” HDFC said in a regulatory filing on Monday.
The cost of acquisition is at par, that is at a face value of Rs 10 per share.
The indicative period for the completion of the acquisition is one month, it further said, adding that the transaction was through cash consideration.
Set up in November 2018, Kerala Infrastructure Fund Management Ltd was promoted by the Kerala Infrastructure Investment Fund Board (KIIFB) to manage Kerala Infrastructure Fund. It acts as an asset management company.
Read more about HDFC to acquire 10% stake in Kerala-based asset management firm on Business Standard. Mortgage lender HDFC Ltd on Monday said it will acquire 9.90 per cent stake in Kerala-based infrastructure fund management company KIFML.
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Surendran says State govt. has violated all laws
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Surendran says State govt. has violated all laws
With the Enforcement Directorate(ED) booking a case against the Kerala Infrastructure and Investment Fund Board (KIIFB), the people have come to understand why the State government and Finance Minister Thomas Isaac raised strong objections against the Comptroller and Auditor General of India, BJP State president K. Surendran has said.
Addressing the media here on Wednesday, Mr. Surendran said the case against KIIFB was an example of how the Left Democratic Front government had violated all the laws and norms in place to facilitate corruption.
It will feature on student laptops provided as part of Vidyashree
On International Mother Language Day on Sunday, the Kerala Infrastructure and Technology for Education (KITE) released a new, customised free and open source software (FOSS)-based operating system KITE GNU-Linux Lite 2020.
The operating system, expected to benefit millions of computer users in the State, will feature on the thousands of student laptops being provided as part of the Vidyashree scheme by the State government.
Based on the Ubuntu free software platform, the new version of the operating system (OS) comes preloaded with a bunch of software, ranging from office packages, language input tools, database applications, DTP-graphics image editing software, sound recording and video editing packages, programming IDEs (integrated development environment), scratch visual programming, and so on.