Moneycontrol
Last Updated : Jan 15, 2018 12:23 PM IST | Source: CNBC-TV18

IDFC's stake may fall to around 38% in IDFC Bank after Capital First merger: Sources

Reserve Bank of India’s (RBI) rules restrict the holding of one entity in a bank to 5 percent. one entity may hold 5-10 percent in the bank with RBI’s permission. IDFC’s stake may fall to around 38 percent in IDFC Bank after the Capital First merger and IDFC may have to buy shares in the market to retain 40 percent in IDFC Bank.

CNBC TV18 @moneycontrolcom

Reserve Bank of India’s (RBI) rules restrict the holding of one entity in a bank to 5 percent. One entity may hold 5-10 percent in the bank with RBI’s permission. IDFC’s stake may fall to around 38 percent in IDFC Bank after the Capital First merger and IDFC may have to buy shares in the market to retain 40 percent in IDFC Bank.

Watch accompanying video of CNBC-TV18’s Latha Venkatesh for more details.
First Published on Jan 15, 2018 12:22 pm
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