Jai Badrinath Niketan Pvt. Ltd. & Anr vs Idfc First Bank Ltd on 28 March, 2024 indiankanoon.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiankanoon.org Daily Mail and Mail on Sunday newspapers.
Cloverdell Investment Ltd. sold its 2.5% stake in IDFC First Bank Ltd. for Rs 1,195.2 crore in the open market on Thursday.
The company sold 15.8 crore shares on the open market for Rs 75.24 per share, as per BSE data. The company, affiliated with Warburg Pincus as of December 2023, held 2.25% stake in the bank.
IDFC First Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2023.
A heady year of capital inflows for India may only result in mild gains for the rupee as the nations central bank will likely continue to grip the currency tightly.