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IDFC shares jump 19% on RBI's nod to exit as IDFC First Bank promoter
short by Ravi Dutta Mishra / on 22 Jul 2021,Thursday
IDFC shares on Thursday jumped as much as 19% to its 52-week high of ₹62.60 after the company said the RBI has allowed it to exit as the promoter of IDFC First Bank as the five-year lock-in period expires. IDFC stands to benefit as a reverse merger could help unlock shareholder value, removing the holding company discount, ICICI Securities said.
short by Ravi Dutta Mishra / 12:00 pm on 22 Jul
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