Capital First trades with traction on the bourses

Capital First Ltd. - (Amalgamated) | Finance - NBFC | BFSI | BSE: 532938 | NSE: CAPF

15 Jan 2018 Evaluate

Capital First is currently trading at Rs. 877.15, up by 41.25 points or 4.93% from its previous closing of Rs. 835.90 on the BSE.

The scrip opened at Rs. 901.10 and has touched a high and low of Rs. 902.00 and Rs. 868.15 respectively. So far 459984 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 902.00 on 15-Jan-2018 and a 52 week low of Rs. 584.00 on 23-Jan-2017.

Last one week high and low of the scrip stood at Rs. 902.00 and Rs. 744.40 respectively. The current market cap of the company is Rs. 8732.98 crore.

The promoters holding in the company stood at 35.58%, while institutions and non-institutions held 36.38% and 28.04% respectively.

Capital First has received an approval for its proposed merger with IDFC Bank. The board of directors at its meeting held on January 13, 2018 approved the same. Pursuant to the merger which is subject to regulatory and shareholder approvals, IDFC Bank will issue 139 shares for every 10 shares of Capital First.

Post-merger, the combined entity of IDFC Bank and Capital First will have an AUM of Rs 88,000 crore; PAT of Rs 1,268 crore (FY 17); and a distribution network comprising 194 branches (as per branch count of December 2017 of both entities), 353 dedicated BC outlets and over 9,100 micro ATM points, serving more than five million customers across the country.

Capital First is an MSME and consumer financing company which provides debt financing to these segments and also offers home loans, two wheeler loans and durable loans to entry and mid-level salaried employees of corporates.