IDFC First Bank on 23 March 2023 has approved the allotment of 37,75,00,859 equity shares of face value of Rs 10 each fully paid-up at a price of Rs 58.18 per equity share (including premium of Rs 48.18 per equity share) to IDFC Financial Holding Company (IDFC FHCL), wholly-owned subsidiary of IDFC, Promoter, on preferential basis by way of private placement.
Consequently, IDFC FHCL's holding in the Bank will go up to approx. 39.99 % of the IDFC FIRST Bank's Paid-up equity share capital.10 each.
Post allotment, the issued and paid-up equity share capital of the Bank stands increased to 661,81,21,816 equity shares of Rs 10/- each fully paid-up.
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