IDFC First Bank Early Look - Likely to Be an Accretive Deal but Not Particularly Cheap

928 Views26 Sep 2023 14:00
IDFC First Bank Limited (IDFCBK IN) plans to launch a Qualified Institutional Placement (QIP) of up to INR30bn (US$362m) in Oct 23, as per media reports.
Boomeranged on Wed, 4 Oct 2023 08:23
IDFC First Bank has launched its QIP at an issue price of INR 90.25 (4.14% discount to the 3rd Oct 23 close price and 4.95% discount to the floor price). Books will close at 9am IST on 4th Oct 23.
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