The Board of Administrators of IDFC First Financial institution at its assembly held on Thursday thought-about and accredited to situation and allot 39,68,74,600 fairness shares of face worth of ₹10 every absolutely paid-up, on a preferential foundation at a value of ₹ 80.63 per fairness share, amounting to ₹ 3,200 crore.
“With this proposed capital increase of ₹ 3,200 crore, the general capital adequacy of the financial institution will additional enhance to 17.49%, as computed on the chance weighted belongings as on March 31, 2024, which can put the financial institution in a robust place to take part in future development,” the financial institution stated in a submitting.
