IDFC Bank has informed that the board at its meeting held on 13.01.2018 at Hyderabad, after considering the report of the Audit Committee of IDFC Bank had considered and approved a composite scheme of amalgamation of Capital First, Capital First Home Finance and Capital First Securities with the Amalgamated Company and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. Further, IDFC Bank will host a Conference Call on Monday, 15.01.2018 at 4:30 pm IST to discuss the Merger of Capital First with IDFC Bank.
The above information is a part of company’s filings submitted to BSE.
