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He has gifted 3 lakh shares to his trainer Ramesh Raju; 2 lakh shares each to househelp Pranjal Narvekar and driver Algarsamy C Munapar; and 1 lakh shares each to office support staff Deepak Pathare and househelp Santosh Jogale.
IDFC FIRST Bank MD and CEO V Vaidyanathan has gifted 9 lakh shares of the bank held by him, worth over Rs 3.95 crore, to five individuals, including his trainer, house help and driver, to help them purchase homes. These five people are unrelated to the top official of the private sector bank. Earlier too, he had gifted shares in his personal capacity to some individuals
Bank MD gifts 9 lakh shares worth Rs 3.95 cr to staff members to purchase house - Vaidyanathan had also transferred one lakh shares worth around Rs 30 lakh to his former school teacher Gurdial Saroop Saini as a token of gratitude.
Earlier too, IDFC FIRST Bank MD and CEO V Vaidyanathan had gifted shares in his personal capacity to some individuals unrelated to him.
Vaidyanathan, IDFC First Bank MD and CEO, gave away the shares to his staff in order to enable them to purchase houses.