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

(This story has not been edited by THE WEEK and is auto-generated from a PTI

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Board of Directors of IDFC FIRST Bank approves amalgamation of IDFC Limited with IDFC FIRST Bank

Board of Directors of IDFC FIRST Bank approves amalgamation of IDFC Limited with IDFC FIRST Bank
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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

United statesSanjeeb chaudhuriNational company law tribunalCompetition commissionFirst bank mdv vaidyanathanFinancial holding companyFirst bankFirst bank onIndia incJp morgan chaseAnil singhviReserve bankCapital firstHolding company