Promoter buys 8300000 equity shares of IDFC Bank through market purchase

IDFC Financial Holding Company Limited, Promoter of IDFC Bank Ltd has bought 8300000 equity shares of the bank for an amount of Rs. 3,640,55,980 through open market purchase on June 15, 2018 (49,00,000 equity shares) and June 18, 2018 (34,00,000 equity shares).

Its stake in the bank has increased from 1808463690 equity shares or 53.13% to 1816763690 equity shares or 53.37%.

Promoter Entity	Shares Acquired / Sold	Date / Period	Holding - Pre Transaction	Holding - Post Transaction
IDFC Financial Holding Company Limited	49,00,000	June 15, 2018	1808463690 (53.13%)	1813363690 (53.27%)
IDFC Financial Holding Company Limited	34,00,000	June 18, 2018	1813363690 (53.27%)	1816763690 (53.37%)

Shares of IDFC Bank Ltd was last trading in BSE at Rs.41.2 as compared to the previous close of Rs. 42.3. The total number of shares traded during the day was 488508 in over 1288 trades.

The stock hit an intraday high of Rs. 42.25 and intraday low of 41.05. The net turnover during the day was Rs. 20227349.

Source : Equity Bulls

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