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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)

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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