IDFC Limited had informed the company’s board at its meeting this week on Wednesday, April 6, 2022, to consider and declare an interim dividend on the paid-up equity share capital of the company.

“We wish to inform you that on April 06, 2022, the Board of the Directors of the IDFC Limited (‘IDFC’ or ‘the Company’) will consider and declare Interim Dividend on paid-up equity share capital of the Company,” IDFC said in an exchange filing.

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IDFC is a leading finance company in India providing services ranging from infrastructure financing, infrastructure development, investment banking, and others. Shares of IDFC Ltd have surged more than 34 per cent in a year’s period, whereas the financial services company’s stock is down about 0.3 per cent in 2022 (year-to-date or YTD) so far.