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IDFC surges 5%, IDFC First Bank slips 3% after board approves merger

Shareholders of IDFC Ltd will get 155 shares of IDFC First Bank for every 100 shares held in the former ....

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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. ....

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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 . ....

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