IDFC First Bank Ltd raises Rs. 3,000 crore through QIP

The Capital Raising Committee of IDFC First Bank Ltd at its meeting held on April 06, 2021, has approved the issue and allotment of 52,31,03,660 Equity Shares of face value of Rs. 10 each to qualified institutional buyers at an issue price of Rs. 57.35 per Equity Share (including a premium of Rs. 47.35 per Equity Share), aggregating to Rs. 3,000 crore (Rupees Three Thousand Crore) (approx.), pursuant to the Issue.

The Issue opened on March 30, 2021 and closed on April 06, 2021.

Pursuant to the allotment of Equity Shares in the Issue, the paid-up Equity Share capital of the Bank stands increased to Rs. 6198,95,35,150 consisting of 619,89,53,515 Equity Shares.

Shares of IDFC First Bank Ltd was last trading in BSE at Rs.55.3 as compared to the previous close of Rs. 54.3. The total number of shares traded during the day was 3394365 in over 10284 trades.

The stock hit an intraday high of Rs. 55.5 and intraday low of 53.8. The net turnover during the day was Rs. 186582256.

Source : Equity Bulls

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