IDFC Financial Holding Company Limited buys shares of IDFC Bank Ltd

IDFC Financial Holding Company Limited, promoter entity of IDFC Bank Ltd has bought 47,02,913 equity shares of the bank for an amount of Rs. 205693657.00 through open market purchase on June 14, 2018.

Prior to this acquisition, the entity had 1803760777 equity shares or 52.99% stake in the bank which has increased to 1808463690 equity shares or 53.13%.

Promoter Entity	Shares Acquired / Sold	Date / Period	Holding - Pre Transaction	Holding - Post Transaction
IDFC Financial Holding Company Limited	47,02,913	June 14, 2018	1803760777 (52.99%)	1808463690 (53.13%)

Shares of IDFC Bank Ltd was last trading in BSE at Rs.43.25 as compared to the previous close of Rs. 44.1. The total number of shares traded during the day was 670785 in over 2232 trades.

The stock hit an intraday high of Rs. 44.55 and intraday low of 43. The net turnover during the day was Rs. 29395982.

Source : Equity Bulls

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