Infrastructure financing company IDFC has agreed to prune foreign shareholding limit by 1 per cent to 50.50 per cent, as part of plans to progressively trim foreign investorholding to 49 per cent to run banking services. The Reserve Bank of India in a notification issued in Mumbai on Wednesday said the IDFC Limited has agreed to decrease the limit for purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs)/RegisteredForeign Portfolios Investors (RFPIs), through primary market and stock exchanges under the Portfolio Investment Scheme (PIS). On July 8, the company had agreed to pare the FII investment ceiling to 51.5 per cent. The company, which received a commercial banking licence in April, plans to start bank operations by October next year. Shares of the company on Wednesday closed 8.7 per cent higher at Rs 163.05 per scrip on the BSE.