IDFC First Bank Limited

I believe you will need to unpledge the IDFC shares, or rather you should unpledge the IDFC shares before the record date to avoid any kind of confusion. Even if you don’t, you will get IDFC First shares in 155:100 ratio. But the new IDFC first shares won’t get pledged by default, they are a different ISIN so you will need to pledge them again after they are credited (if you want to). In any case my advice to you would be to explicitly unpledge the IDFC shares before the record date, which is 10th Oct 2024.