IDFC Bank-Capital First Merger Gets NSE Approval; Shares Gain

IDFC Bank-Capital First Merger Gets NSE Approval; Shares Gain
Shares of the Mumbai-based private sector lender rose as much as 2.6 percent to Rs 48.75 and the consumer finance firm, Capital First rose as much as 3.5 percent, the most in over a month, to Rs 640 after their merger got a nod from the National Stock Exchange.            Earlier this year in January, IDFC Bank and Capital First had announced a plan to merge, creating a bank with an asset base of roughly Rs 90,000 crore. (More details here)