IDFC Ltd. & IDFC First Bank Merger: Simplified Structure and Shareholder Benefits with Examples

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[venkattnpt]

Appointed Date 2: October 1, 2024, for the merger of IDFC Limited into IDFC FIRST Bank.
Record Date:
The record date for determining IDFC shareholders eligible for share allotment in IDFC FIRST Bank is October 10, 2024.
Share Exchange Ratio:
IDFC shareholders will receive 155 equity shares of Rs 10 each in IDFC FIRST Bank for every 100 equity shares of Rs 10 each they hold in IDFC.
Post-Amalgamation changes:
-IDFC FHCL and IDFC Limited will be dissolved without being wound up.
-IDFC FIRST Bank will have only public shareholders.
-Offices of Directors, Key Managerial Personnel, and Statutory Auditors of IDFC FHCL and IDFC Limited will be vacated as of October 1, 2024.
-No changes in Directors or management of IDFC FIRST Bank.
-Formalities for canceling RBI registration certificates for IDFC FHCL and IDFC as NBFCs will be initiated.

[sankarvaidyanathan]

Based on my experience on Tata merger, it's better to go with idfc first Bank to avoid tax confusions.
In tata's case neither Tata or the financial influencers inform to submit the report for acquisition. Because of that cost of acquisition is considered as zero for DVR shares. So, its conaider wverything as profit and On top since I am NRI more 60% has been detected as TDS. For 2% arbitrage i dont want to buy IDFC.

[ganeshv]

Honestly in every single video, Anand and vinod were talking about arbitrage for the past year or so. Now the stand has changed. I think they realised it was a blunder with tata motors.

[rajeshkannan]

I wouldn't buy IDFC instead of that I would go with the first bank to avoid tax implementation and less merger benefits 😊

[vigneshnagaraj]

Yes I have doubt. Please advise team. If they do tax like dvr tatamotor share convertion what's the point in arbitrage.I have not purchased dvr but anyone please explain what was tax percentage for dvr tata motors share conversation

[Dark_Knight]

Hi Vinod bro,

I have been regularly watching all your posts in Berich and big fan of Anand sir and you..all the post in your channel are super interesting and help us learn about stock market and a big thanks for that. I wanted to bring to your notice about a company share which I saw during Covid times(Kovai medical). Whose price had steadily increased over years. I did peer comparison with other stocks within same sector and found PE and PB ratio is way lesser than its counterparts. Company has a good promoter holding and net profits and eps are increasing steadily yoy. It will be of great help if your team can analyse and let the viewer know considering this company in tiffin coffee range at this price can be profitable in long term…I will be very glad if you read my comments and acknowledge it..Once again thanks for the knowledge which you’re sharing..

[Sabari]

Idfc merger record date announced yesterday.its 10.10.24

[comicsloverslionmuthucomic]

I am too like genz... cannot understand anything what shrini speaks...but still shakes head and laughs without understanding anything....😂

[sanjaynatekar]

The boy looks literally like a road side rag picker. The elder guy seems to live in fools paradise unaware that the merger already approved 3 days back and record date of 10th Oct already declared

[vinayakkale]

If tomorrow I buy 100 shares of idfc ltd then will I get 155 shares of idfc bank ?

[drvchandramohan]

Already confused a lot in DVR vs tata motor merger and lost money in excess of arbitrage. Better to sell idfc and buy first bank. I had 110 DVR shares and got 74 instead of 77 tata motors shares. 3 shares taken for taxes and 647 or so credited in account after paying taxes.

[Muhil-sigj]

So what should i do now should i buy idfc ltd or first bank?

[vasukvm]

IDFC share Depit akiruchu, athu eppo IDFC First Bank ka enakku Credit akum, Date please...
En kitta idfc 70 share irunthuchu aana ipa kanom athaan kekuren Friend's..

[ManoharanS-vctt]

What is tax implication in IDFC & IDFC first bank merger?
It will be like Tata DVR merger?. Neither Tata nor any financial Chanel informed about tax implications before merger. They taxed NRI 37% of total share value and not profit.

[ajikutty]

Sir, which one is i consider, idfc ltd or idfc first bank

[KRISHNAMURTHY-ibsg]

Yours speech ie Mr. Vinoth"s very good compare with Tamilspeech as per as stock market

[gowthamm]

Thank you sir..any tax they will take like dvr

[Arunkumar-yzez]

IDFC merge with IDFC first bank, will the IDFC first bank price return or what will happen??? Anyone can tell about it vividly???

[pramamurthy]

Tata Motors DVR deemed dividend not received yet. when will it be credited to our bank accounts.

[YasirAsarudheen-sncz]

Government going to get 30 percent withholding tax for NRIs like they did for tata mtr dvr?