IDFC First Bank Limited

1. ” 1. An estimated reduction in share count from the impending merger of IDFC (from 264.64 cr to 248 cr) will make no difference to the conclusion.”
   There should be no dilution at all.
   Idfc first bank has total T shares out of which IDFC holds X and rest of the public/FII/DII hold Y
   Before merger idfc first share count Total is T = X + Y
   After merger same T = X +Y

The impact will be on the count of IDFC share, there the holding company share will cease and all shareholders will get ~ 1.55 share of idfc first.