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IDFC Bank’s promoter increases stake in the bank

25 Jun 2018 Evaluate

IDFC Bank’s promoter IDFC Financial Holding Company has acquired 2,50,05,149 equity shares of the bank for an amount of Rs 1,05,57,30,548 through open market purchase.

Post the purchases, the stake of the promoter in the bank has increased from 1,81,67,63,690 equity shares or 53.37% to 1,84,17,68,839 equity shares or 54.10%.

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

Peers
Company Name CMP
HDFC Bank 699.50
ICICI Bank 1385.25
Axis Bank 1209.00
Kotak Mahindra Bank 458.00
Indusind Bank 836.35
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