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Completed its merger with IDFC Limited
- 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 IDFC shares.
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Speaking about the merger, Mr. Vaidyanathan, MD & CEO, IDFC FIRST Bank Limited, said: “The announcement of merger today between IDFC FIRST bank and IDFC Ltd brings closure to the intense work over the last 2 years. I am sincerely thankful for IDFC Ltd for simplifying the structure and clearing the decks and
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2 days ago · IDFC, through its non-financial holding company, holds a 39.93 percent stake in IDFC First Bank. After the merger, the book value per share of the bank will increase by 4.9 percent, as calculated ...
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 · Post October 1, IDFC financial holdings limited and IDFC limited will stand dissolved without being wound-up. In July last year, IDFC First Bank and IDFC Ltd had approved a merger ratio of 155:100. The share exchange ratio fixed was at 155 shares of IDFC First Bank for every 100 shares held in IDFC. “There will be no change in the Directors ...
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 ...
5 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 ...
2 days ago · As part of the merger, it said, about Rs 600 crore of cash and cash equivalents will flow to the bank. Speaking about the merger, V Vaidyanathan, MD & CEO, IDFC FIRST Bank Limited, said: "The announcement of merger today between IDFC First bank and IDFC Ltd brings closure to the intense work over the last 2 years.
