IDFC FIRST Bank board approves fund raising plan
IDFC FIRST Bank said its board approved raising of funds for an amount aggregating up to Rs 3,000 crore, in one or more tranches. The private sector bank said fund raising will be by way of issuance of securities, through one or more permissible mode(s), including but not limited to a Private Placement, Qualified Institutions Placement, Follow-on Public Offering or a combination thereof. The stock hit a 52-week high of Rs 58.9 on 18 February 2021. The stock hit a 52-week low of Rs 17.75 on 24 March 2020. The announcement was made after market hours yesterday, 18 February 2021. Shares of IDF...
Source: business-standard.com