Business Standard

Board of IDFC approves restructuring of subsidiaries

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Capital Market

At meeting held on 08 November 2019

The Board of IDFC at its meeting held on 08 November 2019 has approved the acquisition of 100% equity stake of IDFC Alternatives and IDFC Trustee Company (both have been NON-OPERATIVE step down subsidiaries of IDFC) from IDFC Financial Holding Company (a wholly owned subsidiary of IDFC ) at their respective book values as a part of simplification of its corporate structure.

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First Published: Nov 08 2019 | 4:05 PM IST

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