IDFC First Bank to Merge with IDFC Ltd: 155:100 Share Exchange Ratio Unveiled
IDFC First Bank and IDFC Limited have received board approval for their merger, adopting a 155:100 share exchange ratio. The move aims to simplify the corporate structure, streamline regulatory compliance, and enhance shareholder value. Post-merger, the standalone book value per share of IDFC First Bank is set to increase by 4.9%, according to audited financials … Read more