Other Deals - Listed Firms

IDFC to invest Rs.2,200-Cr in IDFC First Bank

Economic Times  

IDFC Ltd, the holding company of fellow publicly listed IDFC First Bank, will infuse INR 2,200 crore in the latter to increase its stake to 40% (up from the current 36.38%. The move is a precursor to the reverse merger of IDFC with IDFC First Bank. https://economictimes.indiatimes.com/epaper/delhicapital/2023/feb/02/news-of-the-day/idfc-to-invest-2200-cr-in-idfc-first-bank/articleshow/97535672.cms

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