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IDFC Financial Holding Company Ltd raises stake in IDFC Bank to 54.10%



Posted On : 2018-06-23 22:39:51( TIMEZONE : IST )

IDFC Financial Holding Company Ltd raises stake in IDFC Bank to 54.10%

IDFC Financial Holding Company Limited, Promoter of IDFC Bank Ltd has bought 25005149 equity shares of the bank for an amount of Rs. 1055730548 through market purchase on June 20, 2018 (22,39,917 equity shares), June 21, 2018 (1,42,00,000 equity shares) and June 22, 2018 (85,65,232 equity shares).

Post the purchases, the stake of the promoter in the bank has increased from 1816763690 equity shares or 53.37% to 1841768839 equity shares or 54.10%

Promoter EntityShares Acquired / SoldDate / PeriodHolding - Pre TransactionHolding - Post Transaction
IDFC Financial Holding Company Limited22,39,917June 20, 20181816763690 (53.37%)1819003607 (53.44%)
IDFC Financial Holding Company Limited1,42,00,000June 21, 20181819003607 (53.44%)1833203607 (53.85%)
IDFC Financial Holding Company Limited85,65,232June 22, 20181833203607 (53.85%)1841768839 (54.10%)

Shares of IDFC Bank Ltd was last trading in BSE at Rs.42 as compared to the previous close of Rs. 42.45. The total number of shares traded during the day was 488921 in over 1160 trades.

The stock hit an intraday high of Rs. 42.85 and intraday low of 41.45. The net turnover during the day was Rs. 20487151.

Source : Equity Bulls

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