IDFC LIMITED - 532659 - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015
This is with reference to our letter dated February 06, 2023, about the decision of the Board of Directors of IDFC Limited and IDFC FHCL approving subscribing to 37,75,00, 859 equity shares of face value of Rs. 10/- each fully paid-up of IDFC FIRST Bank Limited on a preferential basis at a price of Rs. 58.18/- per equity share, amounting to approx. Rs. 2,196.30 Crores through its Wholly owned subsidiary Company i.e. IDFC FHCL in accordance with the applicable provisions of the SEBI ICDR Regulations. In this connection, we would like to inform you that, today, IDFC FHCL has subscribed and has been allotted 37,75,00, 859 equity shares of face value of Rs. 10/- each fully paid-up of IDFC FIRST Bank Limited on payment of the application money of approx. Rs. 2,196.30 Crores to IDFC FIRST Bank Limited. With this investment, IDFC's holding (through IDFC FHCL) in IDFC FIRST Bank will go up to approx. 39.99 % of the IDFC FIRST Bank's Paid up equity share capital.23-03-2023
