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CLSA sells stake in IDFC Limited to Yes Bank backed Platinum Investments


IDFC LimitedResults in 6 days (29-Apr-2016)


IDFC was incorporated in 1997 with its registered office in Chennai. In 1998 the company registered with the Reserve Bank of India (RBI) as a non-banking financial company and in 1999 it formally became a Public Financial Institution.

In April 2014, the Reserve Bank of India (RBI) granted an in-principle approval to IDFC Limited to set up a new bank in the private sector, as per the RBI Guidelines for Licensing of New Banks in the Private Sector.

As per the RBI guidelines and conditions of in-principle approval, the structure of IDFC Group was revamped and the current structure of the IDFC Group – post Demerger is as under:

IDFC Limited Corporate Structure April 2016

CLSA (Credit Lyonnais Securities Asia) Global Markets which held 27,530,245 shares or 1.73% reduced its stake by selling 14,336,055 shares or 0.90%. With this sale CLSAs stake is reduced to 13,194,190 shares or 0.83%.

Platinum Asia Fund purchased 12,497,901 shares or 0.79% of the above stake sale.

Other Investors include Big Whale Ashish Dhawan with 19,999,990 shares or 1.25%. Here are the other Foreign Portfolio Investors holding IDFC:

Foreign Portfolio Investors IDFC April 2016

CLSA is Asia’s leading equity brokers and investment groups focused on institutional broking, investment banking and asset management to corporate and institutional clients around the world.

Platinum Investment Management is an Australian based fund manager which specialises in investing in international equities. Platinum currently manages around A$27 billion with around 10% of this from investors in New Zealand, Europe, America and Asia.

Here is the list of stocks that the fund currently holds under in the Indian Capital Market (as of 31-Dec-15):

Platinum Investment Management Portfolio April 2016

Here is the Platinum Asia fund’s position to Asian Equities (as of 31-Mar-16):

Platinum Investment Management position to Asian Equities April 2016



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