IDFC Financial Holding Company Limited increases stake in IDFC Bank Ltd to 54.30%

IDFC Financial Holding Company Limited, Promoter of IDFC Bank Ltd has bought 6743829 equity shares of the bank through open market purchases during the period June 25, 2018 to June 27, 2018.

Prior to this transaction, the promoter had 1841768839 equity shares or 54.10% which has increased to 1848512668 equity shares or 54.30%.

Promoter Entity	Shares Acquired / Sold	Date / Period	Holding - Pre Transaction	Holding - Post Transaction
IDFC Financial Holding Company Limited	17,43,829	June 25, 2018	1841768839 (54.10%)	1843512668 (54.16%)
IDFC Financial Holding Company Limited	40,00,000	June 25, 2018	1843512668 (54.16%)	1847512668 (54.27%)
IDFC Financial Holding Company Limited	10,00,000	June 27, 2018	1847512668 (54.27%)	1848512668 (54.30%)

Shares of IDFC Bank Ltd was last trading in BSE at Rs.39.6 as compared to the previous close of Rs. 40.95. The total number of shares traded during the day was 830440 in over 2000 trades.

The stock hit an intraday high of Rs. 41.1 and intraday low of 39. The net turnover during the day was Rs. 33404013.

Source : Equity Bulls

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