IDFC First Bank Falls After Fixing Floor Price For Qualified Institutional Placement

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IDFC First Bank Share Price: Shares have been final buying and selling at 4.46 per cent decrease at Rs 55.70 on BSE.

IDFC First Bank fell over 4 per cent on Wednesday, March 31, a day after fixing the ground worth Rs 60.34 for the Rs 3,000 crore certified institutional placement (QIP) problem. On Wednesday, IDFC First financial institution opened on the BSE at Rs 59.45, touching an intra day excessive of Rs 59.60 and an intra day low of Rs 55.35. According to a regulatory submitting by the bak to the BSE, the Capital Raising Committee of the Board determined that the financial institution might supply a reduction of no more than 5 per cent on the ground worth for the problem, at its discretion.

The assertion added that a gathering of the Capital Raising Committee of IDFC First financial institution will probably be held on April 6, to find out or take into account the problem worth of shares to the institutional investor, together with a reduction, if any given. Meanwhile, on the NSE, IDFC First financial institution opened at Rs 59.50, touching an intra day excessive of Rs 59.60 and an intra day low of Rs 55.30.

IDFC First Bank was final buying and selling 4.38 per cent decrease at Rs 55.70 on the NSE. Meanwhile, IDFC First Bank was final buying and selling at 4.46 per cent decrease at Rs 55.70 on the BSE.



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