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IDFC First Bank MD gifts 500,000 shares to kin of deceased colleague

IDFC First Bank MD and CEO V Vaidyanathan has gifted 5 lakh shares of the bank held by him to family members of a deceased colleague, as per a regulatory filing.

Bs_logoV Vaidyanathan, MD & CEO, IDFC First Bank
V Vaidyanathan, MD & CEO, IDFC First Bank
Press Trust of India New Delhi
1 min read Last Updated : Mar 17 2022 | 7:29 PM IST

IDFC First Bank MD and CEO V Vaidyanathan has gifted 5 lakh shares of the bank held by him to family members of a deceased colleague, as per a regulatory filing.

Vaidyanathan had earlier too gifted his shares to staff members, including his trainer, househelp and driver, to help them purchase homes.

"V Vaidyanathan, Managing Director & CEO, has gifted 5,00,000 equity shares of IDFC FIRST Bank held by him to certain family members of a deceased colleague who was closely known to him for a long time, towards backing their education and for their financial security," the bank said in a regulatory filing on Thursday.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :IDFC First Bankshares

First Published: Mar 17 2022 | 7:29 PM IST

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