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Feb 24, 2023

IDFC FIRST Bank Limited on the proposed preferential allotment to its promoter – IDFC Financial Holding Company Limited to raise ~ INR 2,196 crore

AZB & Partners is advising IDFC FIRST Bank Limited (“Bank”) on the proposed preferential allotment to its promoter – IDFC Financial Holding Company Limited (“IFHCL”) to raise ~ INR 2,196 crore, post which the stake held by IFHCL (which is a wholly-owned subsidiary of IDFC Limited) in the Bank will be 39.99%.

Our transaction team comprised of our Senior Partner Ashwath Rau, Partners Vipul Jain, Aditya Alok, Senior Associates Saras Muzumdar, Shivani Goel and Associate Mohammad Zaid.

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These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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