Stock of IDFC First Bank closed 4.02 per cent up at ₹25.90 apiece on BSE
Promoter IDFC Financial Holding Company Ltd bought 34,49,76,282 shares, followed by ICICI Prudential Life Insurance Company Ltd
NEW DELHI :
IDFC First Bank on Friday said it has raised nearly ₹2,000 crore by issuing shares on preferential basis to its promoters and various other financial services players.
"The duly authorized committee of the board of directors of the bank at its meeting held today, i.e. June 12, 2020, has approved the allotment of 86,24,40,704 equity shares ...at a price of ₹23.19 per equity share (including premium of ₹13.19 per share), to the allottees on preferential basis," IDFC First Bank said in a regulatory filing.