IDFC First Bank Ltd board to consider fund raising through preferential issue

A meeting of the Board of Directors of IDFC First Bank Ltd is scheduled to be held on Friday, May 01, 2020, to consider and if thought fit to approve raising of funds by way of issue of equity shares of the Bank on a Preferential basis(‘Preferential Issue’), subject to approval of the Members of the Bank and regulatory / statutory approvals and requirements, as applicable.

Shares of IDFC First Bank Ltd was last trading in BSE at Rs.22.25 as compared to the previous close of Rs. 22.1. The total number of shares traded during the day was 1044221 in over 17449 trades.

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The stock hit an intraday high of Rs. 22.7 and intraday low of 21.9. The net turnover during the day was Rs. 23152974.