IDFC First Bank Share Exchange Calculator - Idfc And Idfc First Bank Merger Ratio

IDFC First Bank Share Exchange Calculator

Enter the number of IDFC shares you hold:

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IDFC First Bank and IDFC Amalgamation: Key Information

Board Approval: The Board of Directors of IDFC First Bank has approved the amalgamation of IDFC with the bank.

Share Exchange Ratio: The share exchange ratio for the amalgamation has been fixed at 155 equity shares of IDFC First Bank for every 100 equity shares of IDFC.

Impact:

• Book Value per Share: The standalone book value per share of IDFC First Bank is expected to increase by 4.9% after the merger, based on FY23 financials.
• Shareholding: IDFC shareholders will receive 155 shares of IDFC First Bank for every 100 shares they hold in IDFC.

Next Steps:

• The proposed merger is subject to regulatory approvals.
• Once approved, the share exchange process will be initiated.
• IDFC First Bank and IDFC will communicate further instructions to shareholders regarding the exchange process.

Additional Information:

• You can track the latest updates on the merger process on the websites of IDFC and IDFC First Bank.
• The merger is expected to create a stronger and more competitive financial institution.