IDFC said its Board approved the merger of IDFC FHCL with IDFC Limited, effective September 30, and the merger of IDFC Limited with IDFC FIRST Bank, effective October 1.
The majority shareholders of IDFC First Bank has approved the amalgamation of IDFC with the bank on May 17, 2024.
Oil and Natural Gas Corporation, Transport Corporation of India, Alembic Pharmaceuticals, Bharat Electronics, Trent, Uno Minda, IDFC, Lemon Tree Hotels, and Bharat Dynamics will also be in focus on August 26.
The market is likely to remain in positive territory amid consolidation in the coming sessions. Here are some trading ideas for the near term.
In July 2023 IDFC board of directors of IDFC FHCL, IDFC and IDFC FIRST Bank approved the proposal for amalgamation.
Key support for the Nifty was identified at 19,700, while resistance levels were observed at 19,900-20,000, providing crucial reference points for traders and investors.
According to the bank, the merger will help create an institution with diversified public and institutional shareholders. The bank has a well-diversified loan book of Rs 1,60,599 crore, with a balance sheet size of Rs 2,39,942 crore, as on March 31, 2023
In this episode of Market Minutes, Shailaja Mohapatra talks about Senco Gold IPO opening, D-Mart operator's Q1 business update and share swap ratio for IDFC merger. Also, catch Vinit Bolinjkar of Ventura Securities in Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends
IDFC has been hitting new highs and after each few day consolidation it opens up for the next leg up
Last week, the 30-share BSE benchmark fell by 58.15 points or 0.09 per cent.
In July 2022, InCred and KKR announced the conclusion of the strategic merger of InCred Financial Services Limited (InCred Finance) and KKR India Financial Services Limited (KIFS).
Let's take a closer look at various bank charges and why you should choose a bank that does not charge you for commonly used services.
Further, it said that they have completed all stages of Corporate Simplifications.
The momentum is intact and the Friday's correction is on expected lines given the consistent uptrend in the past. Hence, once the current consolidation ends, the Nifty50 is expected to resume upward journey once again towards 18,900-19,000 levels in coming days, with crucial supports at 18,500-18,300, experts said