![IDFC Limited Set to Merge with Lender IDFC First Bank IDFC Limited Set to Merge with Lender IDFC First Bank](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBk-2liuOXCwo4rTQa6y89fCmto079EMfEd0J2ZMpui_unJogXa6pyzWpc5fnjKz_ptHG7wSUwT6pMsnj0alFVOr-cmLWnh0Z_-fwWWY91pviWBpw_xgHnXBPx0offAvyHGW80s-RqmjP75uubc84WPQGsB_7XXe1bDMWhvf3aqn5C6RahKc5_Y1X25EU/w320-h192-rw/Copy%20of%20Untitled%20(500%20%C3%97%20300%20px)%20(38).jpg)
- The share exchange ratio for the merger will be 155 equity shares of IDFC First Bank for every 100 equity shares of IDFC.
- The merger is expected to be completed by the end of this year. The book value per share of the bank would increase by 4.9% post the merger.
- This is the second major merger deal in the financial space after HDFC Bank and Housing Development Finance Corporation.
Question:
Q.1 Which bank has approved the merger of IDFC Ltd and IDFC Financial Holding Company with itself?a. HDFC Bank
b. ICICI Bank
c. IDFC First Bank
d. Axis Bank