After HDFC twins, IDFC First Bank approves merger with IDFC; stock tanks 6%
IDFC First Bank says merger to create an institution with diversified public and institutional shareholders; standalone book value per share of bank to increase by 4.9%
IDFC First Bank says merger to create an institution with diversified public and institutional shareholders; standalone book value per share of bank to increase by 4.9%
The Sensex and Nifty are poised to surge in opening trade on Friday, tracking firm cues from Asian peers and strong trading on SGX Nifty futures.
The acquisition of IDFC Mutual Fund by a consortium of Bandhan Financial Holdings, GIC, and ChrysCapital indicates a new trend of international funds eager to get a piece of the Indian capital market.
The acquisition will be the largest deal in the Indian asset management industry to date.
The global private equity and alternative investments firm wants to build on its recent acquisition by investing in consumer-facing companies and lending to mid-market real estate projects
StarAgri, a post-harvest services company, is following a new model that may shake up the farm sector in India.