Moneycontrol
Last Updated : Jan 15, 2018 10:59 AM IST | Source: CNBC-TV18

IDFC-Capital First deal clearly favours Capital First in terms of swap ratio: IIFL

IDFC Bank will merge with Capital First at fixed share swap ratio of 139:10. In an interview with CNBC-TV18, Sanjiv Bhasin, Executive VP-Markets and Corporate Affairs at IIFL, Digant Haria, AVP Research at Antique Stock Broking and Kunal Shah, Associate Director of Edelweiss Financial Services shared their reading and outlook on the same.

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IDFC Bank will merge with Capital First at fixed share swap ratio of 139:10. In an interview with CNBC-TV18, Sanjiv Bhasin, Executive VP-Markets and Corporate Affairs at IIFL, Digant Haria, AVP Research at Antique Stock Broking and Kunal Shah, Associate Director of Edelweiss Financial Services shared their reading and outlook on the same.

Deal definitely favours Capital First, said Bhasin.

According to Digant Haria, there are no immediate synergies in this merger because a lot of assets of Capital First would not even qualify for priority sector lending (PSL).

He also expects non-performing assets (NPAs) of merged entity to go up post the merger, said Haria.

The merger is in the right direction for both IDFC Bank and Capital First, Shah mentioned.

For entire discussion, watch accompanying video...
First Published on Jan 15, 2018 10:48 am
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