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IDFC Bank’s Promoter raises stake in the bank

15 Jun 2018 Evaluate

IDFC Bank’s Promoter IDFC Financial Holding Company has bought 1,48,109 equity shares of the bank for an amount of Rs 64,62,618 through open market purchase on June 13, 2018.

Prior to this purchase, the entity had 1803612668 equity shares or 52.98% stake in the bank, which has increased to 1803760777 equity shares or 52.99%.

IDFC Bank is a universal bank, offering financial solutions through its nationwide branches, internet and mobile.

Peers
Company Name CMP
HDFC Bank 739.00
ICICI Bank 1339.50
Axis Bank 1242.50
Kotak Mahindra Bank 412.50
Indusind Bank 953.00
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