Record date for being eligible for IDFC Bank shares is Oct 5. Further,
the day on which IDFC shares will trade ex-demerger (i.e. ex-bank) is
Oct 1. The ‘ex date’ is the working day before the record date but
since Oct 2, 3 and 4 are holidays, Oct 1 is the ex-bank date for IDFC
shares.
b) To facilitate price discovery for IDFC shares ex-bank a one
hour window (pre-open) from 9 to 10 am will be provided on Oct 1 on
NSE and BSE. During this hour, the trades will not be live but will be
there only to facilitate price discovery. Post 10 am the trades on
IDFC ex-bank shares will go live on both exchanges.
c) IDFC Bank shares will be allotted to IDFC shareholders on Oct 9.
d) IDFC Bank shares are likely to be listed and traded by Nov 6.
Hence, for the period Oct 9 to Nov 5, IDFC Bank shares will be
unlisted.
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