The much-anticipated merger of IDFC Ltd with IDFC FIRST Bank is set to become effective on October 1, following the approval from the National Company Law Tribunal. This significant move …
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IDFC First Bank
Banking
IDFC First Bank shares drop by 3.5% amid reports of Warburg’s potential exit in a block deal
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IDFC First Bank’s shares declined by 3.5% as Warburg Pincus exited through block deals. The bank recorded an 18.4% increase in net profit for the quarter, while investors saw returns …
IDFC First Bank announced that its Managing Director & CEO V. Vaidyanathan gifted 7,00,000 equity shares of the company he held on March 21 to five individuals without any payment.