AGM NOTES – 28.09.2022
| 4 to 6 weeks for AMC deal closure – 4000 cr to come post tax | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 weeks time for Delhi JV deal closure – buyer already found – no money will come to IDFC Ltd because of this sale | ||||||||||||
| Govt of Karnataka Foundation stake – efforts going on to part away with it | ||||||||||||
| We will still pursuade RBI for merger even if karnataka foundation stake sale doesn’t happen | this can go to IDFC B | Someone asked if Bank has permitted that but that wasn’t answered | ||||||||||
| In principle RBI approval | ||||||||||||
| WE have asked the bank to come back to us with their capital requirements and they will do the same in the next few weeks | ||||||||||||
| If the bank doesn’t fully need what we have to offer then we may return part of it | ||||||||||||
| If the bank needs capital now, we can give the capital to bank now (post AMC money is in) or at the time of the merger |
| Subscribe To Our Free Newsletter |
