IDFC First Bank gets nod to raise Rs 3,000 crore

19 Feb 2021 Evaluate

IDFC First Bank’s board has approved raising of funds up to Rs 3,000 crore by way of issuance of securities, through one or more permissible mode(s), including but not limited to a private placement, Qualified Institutions Placement, Follow-on Public Offering or a combination thereof. The Board at its meeting held on February 18, 2021 noted the significant opportunities for growth of the Bank based on the strong capabilities the Bank has built and the strong outlook for economic recovery in India.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

IDFC First Bank Share Price

55.16 -1.21 (-2.15%)
11-Mar-2025 11:29 View Price Chart
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