IDFC First Bank
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Yes, the Honorable National Company Law Tribunals of Mumbai and Chennai have approved the merger of Capital First Ltd. with IDFC Bank Ltd. and with effect from 18th December 2018, Capital First and IDFC Bank will operate as one entity.
Capital First Ltd. was an Indian non-bank financial institution providing debt financing to small entrepreneurs, MSMEs (Micro, Small and Medium Enterprises) and Indian consumers. Capital First was founded in 2012 by V. Vaidyanathan .
Mumbai, December 18, 2018: IDFC Bank Ltd. and Capital First Ltd. today announced the completion of merger following the receipt of all requisite shareholder and regulatory approvals and the merged entity will be called IDFC First Bank, subject to shareholders’ approval.
IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018. Click here to learn more!
Capital First, then called Future Capital Holdings, went public on India's stock exchanges in 2008. It was an Indian non-bank financial institution providing debt financing to small and medium-sized enterprises. Capital First was founded in 2012 by V. Vaidyanathan who acquired a stake in Future Capital Holdings and secured equity backing of Rs ...
The vision of Capital First is to serve and finance India’s 50 million Indian Enterprises and large emerging middle class, with a differentiated model, based on new technologies. Unlike...
