Anil Singhvi is the best thing that could have happened to IDFC. Only after he took over as Chairman, things on the reverse merger front really took off. We can expect him and VV to work out a win-win arrangement between the shareholders of both the companies. Someone had recently posted that IDFC has asked the bank if they would need capital and the bank is to come back to IDFC in a few weeks. In the recent interview to ET, VV had in the passing, mentioned that he would need capital. So, one can reasonable expect a substantial portion from the sale of AMC will flow to to IDFC bank.
Disc: Switched to IDFC from the bank once it became clear that the reverse merger will happen.
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