EXPLAINED | What IDFC-IDFC First merger means for investors
As part of the proposed IDFC-IDFC First Bank merger, investors will get 155 IDFC First Bank shares for every 100 shares held in IDFC, according to a regulatory filing. Analysts say the share-swap ratio, proposed under the merger, is likely to be beneficial for IDFC Ltd shareholders.
Investors will get 155 IDFC First Bank shares for every 100 shares held in IDFC, according to an exchange filing. | Image: Reuters