AGM NOTES - 28.09.2022
4 to 6 weeks for AMC deal closure - 4000 cr to come post tax | ||||||||||||
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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 |
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