Amalgamation of IDFC with IDFCFB
There seem to be confusion on press release of IDFC. It is literally impossible to complete the precess before the end of Fin year 2022-23. The circular says Board meeting has approved Appointment of Value Assessors, Legal Due diligence teams. In my opinion, teams have to be appointed and they have to study, discuss and submit the report itself will take time. We are left with only eight working days . IDFC should come with clarification on their press release.
8bbb1fb7-f20c-4b69-aaa8-c9d9fe19eb67.pdf (bseindia.com)
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