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Shares of IDFC First Bank plunged nearly 6 per cent in Tuesday’s trade while those of IDFC Limited gained over 6 per cent following the announcement of swap ratio for the proposed merger between the two entities, which is seen in favour of IDFC shareholders.

July 5, 2023 | by reshucompany.com

The share exchange ratio for the amalgamation of IDFC with IDFC First Bank shall be 155 equity shares of face value of Rs 10 of IDFC First Bank for every 100 equity shares of face value of Rs 10 of IDFC Limited.https://embed.businesstoday.in/share/company/e5978e5

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