IDFC First Bank has raised nearly Rs 2,000 crore by issuing shares on preferential basis to its promoters and various other financial services players. The authorized committee of the board of directors of the bank at its meeting held on June 12, 2020 has approved the allotment of 86,24,40,704 equity shares at a price of Rs 23.19 per equity share (including premium of Rs 13.19 per share), to the allottees on preferential basis.
IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.
