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Business Standard

Dividend, bonus, stock-split: NBCC, IDFC, 8 others to go ex-date next week

Here's the complete list of stocks trading ex-date next week, along with their respective corporate announcements, and key details

Mint

Stocks to Watch: IDFC First Bank, PNB, Dr Reddy's, REC, RIL, Welspun Enterprises, Biocon, and more

Here’s a quick look at stocks likely to be in focus in today's trade.

Mint

IDFC FIRST Bank announces completion of IDFC Ltd merger

IDFC First Bank completed its merger with IDFC Limited, effective October 1, 2024, following necessary approvals. Shareholders will receive 155 bank shares for every 100 IDFC shares. The merger simplifies the corporate structure, eliminating promoter holdings and enhancing professional management.

CNBC TV18

IDFC First Bank completes merger with IDFC Ltd

As part of the merger, shareholders of IDFC Limited will receive 155 equity shares of IDFC First Bank for every 100 equity shares they hold in IDFC Limited, with the allotment based on the Record Date of October 10, 2024. The shares are expected to be credited to the shareholders by October 31, 2024, pending regulatory clearances

Business Standard

IDFC FIRST Bank announces completion of IDFC Ltd merger effective Oct 1

IDFC First Bank on Friday announced the completion of merger of IDFC Limited with the bank. This follows the receipt of all requisite shareholder and regulatory approvals, the bank said in a statement. The merger is effective from October 1, 2024, it added. As a result of the merger, it said, 155 equity shares of the bank will be allotted for every 100 equity shares of IDFC Limited held by such shareholder in IDFC Limited as on the Record Date i.e., October 10, 2024. The shares are expected to be credited to shareholders of IDFC Limited on or before October 31, 2024, subject to regulatory processes and clearances, it said. Post the amalgamation, there will be a simplified corporate structure at the Bank with no holding company, it said. "The shareholding structure will be like other leading institutional Indian private sector banks with no promoter holding. The bank will continue to be professionally managed institution," it said. As part of the merger, it said, about Rs 600 cro

The Economic Times

IDFC to merge with IDFC FIRST Bank, effective October 1

IDFC Ltd will merge into IDFC First Bank effective October 1, following approval from the National Company Law Tribunal. The merger will dissolve IDFC financial holdings and simplify the corporate structure. IDFC First Bank will issue new equity shares and address accumulated losses, potentially enabling future dividend payments.

The Economic Times

After NCLT's nod, IDFC-IDFC First Bank merger to be effective October 1

The National Company Law Tribunal has approved the merger of IDFC FHCL with IDFC Limited, effective September 30, and the subsequent merger of IDFC Limited with IDFC FIRST Bank from October 1. The Reserve Bank of India had already given its nod for this reverse merger in December 2023.

Mint

IDFC share are up by 1.44%, Nifty down by -0.01%

IDFC Share Price Today on 27-09-2024: On the last trading day, IDFC opened at ₹111.95 and closed at ₹112.40. The stock reached a high of ₹113.50 and a low of ₹111.25 during the session.

Mint

IDFC share are up by 1.46%, Nifty up by 0.26%

IDFC Share Price Today on 26-09-2024: On the last trading day, IDFC opened at ₹111.45 and closed at the same price of ₹111.45. The stock reached a high of ₹112.05 and a low of ₹109.90 during the day, indicating a relatively stable performance with minor fluctuations.

The Economic Times

RBI extends tenure of IDFC First Bank MD V Vaidyanathan for another 3 years

The Reserve Bank of India has extended the tenure of IDFC First Bank's Managing Director V Vaidyanathan for another three years, effective from December 19, 2024, to December 18, 2027. The bank's board had earlier approved his re-appointment following the expiry of his current term in December 2024. Vaidyanathan has been leading the bank since December 2018.

Business Standard

IDFC First Bank re-appoints V. Vaidyanathan as MD & CEO

IDFC First Bank has announced that the Reserve Bank of India (RBI) has granted approval for the re-appointment of V. Vaidyanathan as the managing director and chief executive officer (MD & CEO) of the bank.

CNBC TV18

RBI approves reappointment of V. Vaidyanathan as MD & CEO of IDFC FIRST Bank

IDFC First Bank has received RBI approval for V. Vaidyanathan’s reappointment as MD and CEO, extending his leadership tenure for another three years, starting December 2024.

Business Standard

RBI approves re-appointment of V Vaidyanathan as IDFC First Bank's MD & CEO

He took over as the MD and CEO of IDFC First Bank in December 2018, following the merger of Capital First and IDFC Bank

Mint

IDFC share are down by -1.09%, Nifty up by 0.54%

IDFC Share Price Today on 19-09-2024: On the last trading day, IDFC opened at ₹110.9 and closed at ₹108.8. The stock reached a high of ₹111.8 and a low of ₹108.6 during the session.

Business Standard

Jigar S Patel of Anand Rathi recommends buying these three stocks today

Over the past few months, IDFC First Bank has consistently maintained a strong support level between Rs 70-71, despite several challenges from downward market trends.

Mint

IDFC share are up by 0.09%, Nifty up by 0.11%

IDFC Share Price Today : On the last trading day, IDFC opened at ₹111.55 and closed slightly lower at ₹111.50. The stock reached a high of ₹112.35 and a low of ₹111.20 during the day.

The Economic Times

Vastu Housing Finance looking to raise up to $50 million from US IDFC

Affordable housing finance provider Vastu Housing Finance Corporation is looking to raise up to $50 million from United States International Development Finance Corporation (DFC) in a long term external commercial borrowing.

Mint

IDFC share are down by -0.27%, Nifty up by 0.08%

IDFC Share Price Today : On the last trading day, IDFC opened at ₹110.75 and closed at ₹110.10. The stock reached a high of ₹110.75 and a low of ₹109.55 during the day.

Mint

IDFC share are down by -2.11%, Nifty down by -0.84%

IDFC Share Price Today : On the last trading day, IDFC opened at ₹113.7 and closed at ₹111.25. The stock reached a high of ₹114.3 and a low of ₹111.1 during the day.

Business Standard

Jigar S Patel of Anand Rathi recommends buying these three stocks on Aug 26

After peaking around the Rs 101 mark in September 2023, the IDFC First Bank stock underwent a significant correction, dropping by 30 points, equivalent to a 29.34 per cent decline from its high.

Business Line

Stock to sell today: IDFC Ltd (₹106.25): SELL

IDFC Ltd share price can fall to ₹101-₹100

Business Line

Stock to sell today: IDFC First Bank (₹71.70): SELL

IDFC First Bank share price can fall to ₹69-₹68

Business Standard

LIC raises stake in IDFC First Bank

Life Insurance Corporation of India informed that it has increased its stake in IDFC First Bank from 0.20% to 2.68%.

Mint

LIC raises stake in IDFC First Bank to 2.68% at ₹80.63/share via private placement offer

LIC raised its stake in IDFC First Bank to 2.68% at ₹80.63 per share via a private placement offer (PPO). The public insurer raised its stake to 20.02 crore shares from 1.42 crore shares on a preferential basis.

The Economic Times

ONDC to add banks, fintechs to take credit services to last mile

The homegrown Open Network for Digital Commerce (ONDC) will soon integrate banks such as HDFC Bank, IDFC First Bank and Karnataka Bank, alongside fintech companies like Fibe, sources told us. This comes as the network began early pilots for credit disbursal through its platform, by partnering with Tata Group superapp Tata Neu and Paisabazaar.

The Economic Times

Nifty Bank rallies nearly 400 points; here are key levels to track on Friday

The bank index witnessed mild profit taking at higher levels. This mirrors the broader trend. The index settled at 51,783. Bandhan Bank, Federal Bank, IDFC First Bank and ICICI Bank contributed majorly to the gains. SBI and IndusInd Bank saw selling pressure.

The Economic Times

F&O stocks: IDFC First Bank, Aditya Birla Capital among 5 stocks with long buildup

Bulls likely to dominate with fresh long positions on United Spirits, Cholamandalam Investment, Laurus Labs, IDFC First Bank, and Aditya Birla Capital as stock prices and open interest increase.

The Economic Times

Bulls take control of Nifty Bank; next target seen at 51,000: Experts

The Nifty Bank rallied for the second day in a row on Tuesday and pushed the index above critical resistance of 50,250. The index closed 438 points higher at 50,440. ICICI Bank, Bandhan Bank, and IDFC First Bank saw buying action with gains of 1-4% respectively while selling was seen in PNB, which closed flat but with a negative bias