IDFC IDFC First Bank Merger Ratio 2023 – As per our readers’ demand and comments, we are publishing this article. If you want to know about IDFC IDFC First Bank Merger Ratio, continue reading and learn more.
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IDFC IDFC First Bank Merger Ratio
IDFC First Bank and IDFC Ltd have announced a merger with a share exchange ratio of 155 equity shares of IDFC First Bank for every 100 shares of IDFC Ltd. The merger is expected to be completed by the end of this year.
The standalone book value per share of the bank is expected to increase by 4.9% as a result of the merger, as calculated on audited financials as of March 31, 2023.
IDFC holds about 40% stake in IDFC First Bank through IDFC Financial Holding, while IDFC is completely held by the public. The share swap ratio was in favor of IDFC.
IDFC IDFC First Bank Merger Ratio – Overview
| Parameter | Data |
|---|---|
| Merger Participants | IDFC First Bank and IDFC Ltd |
| Merger Ratio | 155 equity shares of IDFC First Bank for every 100 shares of IDFC Ltd |
| Merger Completion Date | End of this year (2023) |
| Standalone Book Value Increase | 4.9% |
| Book Value Calculation Date | March 31, 2023 |
| IDFC’s Stake in IDFC First Bank | About 40% |
| Shareholder of IDFC | Public |
| Share Swap Ratio Benefit | Favorable to IDFC |
idfc and idfc first bank merger date
IDFC First Bank and IDFC Ltd have approved the scheme of amalgamation with a share exchange ratio of 155 equity shares of face value of Rs 10 each of IDFC First Bank for every 100 equity shares of face value of Rs 10 each of IDFC. The merger is expected to be completed by the end of this year.
FAQS
What is the merger ratio between IDFC First Bank and IDFC Ltd?
The merger ratio is set at 155 equity shares of IDFC First Bank for every 100 shares of IDFC Ltd.
When is the expected completion date for the IDFC and IDFC First Bank merger?
The merger is expected to be completed by the end of this year.
What is the stake of IDFC in IDFC First Bank?
IDFC holds about 40% stake in IDFC First Bank through IDFC Financial Holding.
What is the face value of the equity shares involved in the merger?
The face value of each equity share of both IDFC First Bank and IDFC Ltd is Rs 10.
