IDFC FIRST Bank Merger Performance and Strategy Update
Shareholding Pattern as of June 30, 2023
Scrip Name: IDFC FIRST Bank
(BSE: 539437, NSE:IDFCFIRSTB)
President of India
(3.94%)
Other Body
Corporate
(1.05%)
Public (24.49%)
MF/Insurance/Ba
nk/FI/AIF (7.72%)
Trusts and
Clearing
Members (0.37%)
FDI/FPI/FC/FN/NRI (22.46%)
Section 11: Shareholding
Total # of shares as of Jun 30, 2023
Basic EPS (Q1-FY24 annualized)
662.82 Cr
Rs. 4.63
Others (0.03%)
Promoters
(39.93%)
Mr. V Vaidyanathan, MD & CEO of the Bank holds 1.93% of the
Bank on fully diluted basis including the stock options
• On July 3, 2023, the bank announced the scheme of amalgamation for merging IDFC Ltd with IDFC FIRST Bank with swap exchange of 100:155, subject to
approvals from the regulatory bodies, exchanges and shareholders.
As a result, upon completion of the merger, 264 crore shares of IDFC FIRST Bank held by IDFC Ltd will get extinguished and 248 crore new shares of IDFC
FIRST Bank would be issued.
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