After NCLT's nod, IDFC-IDFC First Bank merger to be effective October 1The National Company Law Tribunal has approved the merger of IDFC FHCL with IDFC Limited, effective September 30, and the subsequent merger...
28 Sep, 2024, 03.35 AM IST
IDFC to merge with IDFC FIRST Bank, effective October 1IDFC Ltd will merge into IDFC First Bank effective October 1, following approval from the National Company Law Tribunal. The merger will di...
27 Sep, 2024, 10.52 PM IST
RBI approves IDFC-IDFC First Bank mergerThe Reserve Bank of India (RBI) has granted approval for the reverse merger of IDFC Ltd with its banking subsidiary, IDFC First Bank. The c...
27 Dec, 2023, 05.44 PM IST
Merger derails 7-year breakout in IDFC First Bank shares. What should traders do?Under the proposed merger scheme, approved by the two companies, IDFC shareholders will get 155 shares of IDFC First Bank for every 100 sha...
05 Jul, 2023, 05.58 PM IST
IDFC merger: V Vaidyanathan on what changes for IDFC Bank shareholders in short, medium and long termVaidyanathan says once the deal is done, what one can expect from the bank is “diversified shareholding, large institutional investors, pro...
04 Jul, 2023, 04.52 PM IST
IDFC First Bank shares plunge 6% post merger announcementShares of IDFC First Bank dropped by up to 6% following the announcement of a merger with parent company IDFC. The share swap deal appeared...
04 Jul, 2023, 11.10 AM IST
IDFC, IDFC First Bank boards seal share swapAs a result of the proposed merger, the standalone book value per share of the bank would increase by 4.9%, as calculated on audited financ...
04 Jul, 2023, 05.51 AM IST
After HDFC twins, IDFC First Bank plans merger with IDFC; board gives approvalUnder the proposed merger, shareholders of IDFC Ltd will get 155 shares of IDFC First Bank for every 100 shares held in the former.
03 Jul, 2023, 09.01 PM IST
IDFC merger may be delayed on fair value issueThe merger will give IDFC First bank access to nearly ₹4,000 crore of capital, a bulk of which came from IDFC Ltd selling its mutual fund b...
16 Nov, 2022, 06.04 AM IST
Markets give thumbs up to IDFC-IDFC First Bank merger planShares of IDFC First Bank and IDFC Ltd surged on the bourses on Friday after the bank announced that its board of directors were in favour ...
01 Jan, 2022, 08.21 AM IST
IDFC zooms 10% as IDFC First Bank board favours merger with promoter entitiesThe boards of IDFC and IDFC FHCL, at their respective meetings on Thursday, considered and noted the letter received from IDFC First Bank r...
31 Dec, 2021, 10.37 AM IST
IDFC’s reverse merger with bank faces hurdlesIDFC Ltd, the parent of IDFC Bank, on Tuesday indicated to investors that it faced challenges in pursuing a reverse merger with IDFC First ...
15 Sep, 2021, 08.41 AM IST
IDFC duo gains while Shriram Transport Finance falls after calling off mergerAnalysts believe that the deal would have been negative for Shriram Transport.
31 Oct, 2017, 10.10 AM IST
IDFC-Shriram merger deadline extended till November 8, 2017The two parties will work on the share swap ratio, due diligence and other details with of the merger in the next 30 days.
05 Oct, 2017, 07.42 PM IST
IDFC, Shriram Group enter 90-day exclusive talks for $10 billion mega mergerIDFC and Shriram Group are on the verge of announcing a merger to create a $10 bln entity.
08 Jul, 2017, 07.03 PM IST
Here is why Shriram Transport is seeking to merge with IDFCThe board of Shriram Capital is scheduled to meet on Saturday to discuss the merger.
08 Jul, 2017, 09.46 AM IST
IDFC bank, IDFC merger on the cards?RBI this week announced a policy that opens doors for aspirants to seek a banking license whenever they feel they qualify and they find it ...
03 Aug, 2016, 01.21 AM IST