Merger Between IDFC First Bank & IDFC

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After the HDFC bank merger, this is another major merger in the banking industry.

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IDFC Ltd. owns a stake of about 40% in IDFC First Bank. [{ "selector": ".sului-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 29px))", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }] Read More

IDFC shareholders will get 155 shares of IDFC First Bank for every 100 shares held in IDFC.

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IDFC First bank standalone book value per share will rise by 4.9%.

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IDFC First Bank's market capitalization stood at Rs 54,311.48 crore and the stock rose 3.2 per cent to Rs 81.94 on the BSE market.

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IDFC market capitalization stood at Rs 17,456 crore after its counter rallied 6.3 per cent to Rs 109.10 in the stock market.

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The merger of IDFC & IDFC First Bank combined value to Rs 71,767 crore.

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