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After HDFC, IDFC First Bank to merge with IDFC in 155:100 ratio

The board of IDFC First Bank has approved the merger of IDFC Ltd and IDFC Financial Holding. The merger will be completed this year. The ratio of this merger

IDFC First Bank merger: Ratio fixed at 155:100, amalgamation to complete this year

IDFC Ltd, IDFC Financial Holding Merge With IDFC FIRST Bank

As regards the rationale for the merger, IDFC FIRST Bank said it would lead to a simplification of the corporate structure of IDFC Financial Holding, IDFC Ltd., and IDFC FIRST Bank by consolidating them into a single entity and will help streamline the regulatory compliance of the aforesaid entities.

IDFC Ltd, IDFC Financial Holding to merge with IDFC FIRST Bank

It seems to be a merger season in the Indian banking sector. On Monday, the Board of Directors of listed IDFC FIRST Bank Ltd approved the composite scheme of amalgamation amongst IDFC Financial Holding Company Ltd, IDFC Ltd and the bank.The .

Bandhan consortium to acquire IDFC AMC for Rs 4,500 crore

Last year, the board of IDFC Ltd and IDFC Financial Holding Company Ltd had approved the divestment of mutual fund business, IDFC AMC.