Disclosure IDFC First under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’)
We would like IDFC First to provide the following information for our Bank with respect to the quarter and the year ended on March 31, 2021 under the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Figures mentioned as at March 31, 2021 are provisional and subject to audit undertaken by the statutory auditors of the Bank.
- Retail Funded Assets, including the PSL Buyouts where the underlying assets are retail in nature, constitutes 67% of the overall Funded Assets as of March 31, 2021.
In 2014, the Reserve Bank of India (RBI) granted an in-principle approval to IDFC Limited to set up a new bank in the private sector. Following this, the Limited divested its infrastructure finance assets and liabilities to a new entity – IDFC Bank. The bank was launched through this demerger from IDFC Limited in November 2015.
IDFC Bank started operations in 19 October 2015.[8][9] with 23 branches in Madhya Pradesh, Delhi, Mumbai, Hyderabad, Bengaluru, Pune, Chennai, Ahmedabad and Kolkata. 15 branches are in settlements with a population of less than 10,000. IDFC bank has launched its 100th branch in Honnali, Karnataka in October 2017 [10]
In January 2018, Erstwhile IDFC Bank and Erstwhile Capital First announced a merger. Shareholders of Erstwhile Capital First were to be issued 13.9 shares of the merged entity for every 1 share of Erstwhile Capital First. Thus, IDFC FIRST Bank was founded as a new entity by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18 2018.
- On April 06, 2021, the Bank has raised Rs. 3,000 crore through Qualified Institutional Placement to marquee international and domestic investors by issuing 52.31 crore fresh equity shares having face value of Rs. 10 each, at a price of Rs. 57.35 per share. Out of this, 68.33% of the allotment was made to Foreign Investors and 31.67% of the allotment was made to the Domestic Investors.
Please take the above on record and acknowledge receipt of the same.
For Further Details Contact:
Debashree Chatterjee: 9833275977
Huda Shaikh: 7710823343
This news was shared to Prittle Prattle News via press release.
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