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IDFC First Bank gets nod to invest Rs 250 crore in YES Bank

16 Mar 2020 Evaluate

IDFC First Bank has received approval for an equity investment of upto Rs 250 crore comprising upto 25 crore equity shares at a price of Rs 10 each and face value of Rs 2 each, under the proposed Scheme of Reconstruction of Yes Bank. The duly authorized committee of the board of director of the bank approved the same on March 14, 2020.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

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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