IDFC Mutual Fund on Tuesday bought 675,000 shares or 1.49 per cent stake at Rs 422.5 per share through multiple bulk deals on the National Stock Exchange. In a separate deal, Kotak Mutual Fund sold 950,527 shares of...
IDFC First, IDFC reverse merger plan back on table
Four years after it was first suggested, the proposal of a reverse merger between IDFC First Bank and IDFC Ltd has been revived, two top industry sources told ET. This will involve the holding company being absorbed by...
IDFC First Bank plans to raise up to ₹2,000 crore
IDFC First Bank Ltd. is looking to raise Rs. 1,800-2,000 crore via a preferential allotment of shares shortly, said a person directly aware of the bank’s plans. “The capital, which is likely to be raised this quarter...
Former Axis Capital head to acquire IDFC Securities
Former Axis Capital MD and CEO Dharmesh Mehta, along with other investors, will acquire 100% stake in IDFC Securities, the broking and research business of IDFC group. The move comes after the previous buyer TCG Group...
Warburg Pincus pledges entire stake in IDFC First Bank to raise funds
Global private equity major Warburg Pincus has pledged its entire 9.86% shareholding in private lender IDFC First Bank Ltd to raise funds, two people aware of the development said, requesting anonymity. Warburg holds...
IDFC Ltd calls off plan to sell securities business to TCG
IDFC Ltd on Friday said it has called off plans to sell stake in its subsidiary IDFC Financial Holding Company Ltd (IFHCL) to The Chatterjee Group (TCG). This is to inform you that the agreement entered into between...
The Chatterjee Group to acquire stakes in IDFC Securities from IDFC FHCL
Infrastructure finance firm IDFC on Saturday said it, along with IDFC Financial Holding Company (IDFC FHCL), has entered into a pact with The Chatterjee Group (TCG) that one or more entities of TCG will acquire stakes...
Investcorp announces acquisition of IDFC Alternatives’ PE, realty investment management business
Alternative investment manager Investcorp on Wednesday said it has launched its operations in India through the acquisition of the private equity and real estate investment management businesses of IDFC Alternatives, a...
Investcorp acquires IDFC’s private equity, realty investment management business
The US-based alternative investment manager InvestcorpNSE 0.00 % has acquired IDFC NSE -0.13 % Group’s private equity and real estate investment management business and plans to incrementally raise $50 million towards...
Citykart Retail raises ₹100 crore from IDFC Alternatives, India SME Investments
Citykart Retail Pvt. Ltd , a value apparel retail chain, on Thursday said it has raised ₹100 crore in equity from IDFC Alternatives and India SME Investments for a significant minority stake. The Delhi-based company...
IDFC, Capital First completes merger process to form IDFC First Bank
IDFC Bank and Capital First today announced the completion of merger following all approvals to form a combined entity with Rs 1.02 lakh crore loan book. The merged entity will serve 7.2 million customers through its...
Verloop raises $3 million from IDFC Parampara Fund, others
Verloop, a SaaS (software as a service) startup for customer engagement, raised $3 million in Series A funding round led by IDFC Parampara Fund, according to a statement released by the company on Monday. The money will...