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IDFC to merge with its banking arm in all-stock deal

IDFC First Bank announced merger of its parent IDFC Ltd with itself in an all-stock transaction. The boards of IDFC First Bank and IDFC have approved the reverse

IDFC to merge with its banking arm in all-stock deal

IDFC First Bank to merge with IDFC, makes India s largest corporate deal

The share exchange ratio will result in a premium of about 20 per cent on the closing market price of the shares of IDFC vis-a-vis IDFC First Bank as of June 30, 2023

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