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Streamline operations and enhance shareholder value
- This strategic merger aims to streamline operations and enhance shareholder value, marking a new chapter for IDFC FIRST Bank as it consolidates its position in India’s banking sector.
www.businessworld.in/article/idfc-to-merge-with-idfc-first-bank-effective-1-october-534630
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When does IDFC First Bank merge with IDFC?
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2 days ago · New Delhi 94.72 /L 0.00. IDFC First Bank completed its merger with IDFC Limited, effective October 1, 2024, following necessary approvals. Shareholders will receive 155 bank shares for every 100 ...
2 days ago · In 2018, IDFC Bank and Capital First announced the completion of the merger to become IDFC First Bank. IDFC, through its non-financial holding company, holds a 39.93 percent stake in IDFC First Bank.
2 days ago · IDFC First Bank has announced the successful completion of its merger with IDFC Limited. The announcement, made on Friday, signifies the culmination of an extensive process that involved gaining ...
2 days ago · IDFC Ltd will merge into IDFC First Bank effective October 1, following approval from the National Company Law Tribunal. The merger will dissolve IDFC financial holdings and simplify the corporate structure. IDFC First Bank will issue new equity shares and address accumulated losses, potentially enabling future dividend payments. IDFC Ltd on ...
3 hours ago · First, IDFC FHCL will merge into IDFC Limited on 30 September, followed by the merger of IDFC Limited into IDFC FIRST Bank on 1 October. The key details of the merger include the appointed date of ...
On December 18, 2018, the IDFC Bank and Capital First merged, and subsequently renamed IDFC FIRST Bank. As of June 30, 2023, IDFC Limited through its non-financial holding company has 39.93% shareholding of IDFC FIRST Bank. IDFC FIRST Bank is operating as a full-service universal bank with pan-India presence.
I am pleased to announce the completion of the merger of IDFC Bank and Capital First, officially combined to form a new enterprise which will be called IDFC FIRST Bank. The merger is a milestone in the history of the two institutions and marks the beginning of a new journey.
