IDFC First Bank Limited

IDFC doesn’t have a core bussiness, but it hold shares in IDFC First Bank and some cash and cash equivalents. Now after the merger IDFC First Bank shareholders will see 5% jump as lesser no of shares are been given to IDFC shareholders as the no of shares held by IDFC is higher than the no of shares after the convertion is given to IDFC shareholders and they also get cash and cash equivalent of about 500cr as free which gets transferred to IDFC Bank which will also improve its CRAR further.