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Board of IDFC First Bank approves fund raising up to Rs 3000 cr

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Capital Market

At meeting held on 18 February 2021

The Board of IDFC First Bank at its meeting held on 18 February 2021 approves fund raising up to Rs 3000 crore in one or more tranches by way of issuance of Securities, through one or more permissible mode(s), including but not limited to a Private Placement, Qualified Institutions Placement, Follow-on Public Offering or a combination thereof, subject to shareholders' approval through a Postal Ballot process and regulatory and other approvals, as may be required under applicable law.

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First Published: Feb 19 2021 | 9:57 AM IST

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