IDFC Ltd.

NSE: IDFC | BSE: 532659 | ISIN: INE043D01016 | Industry: Finance (including NBFCs)
| Expensive Underperformer

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IDFC Ltd.
03 Jan 2022
buy
by ICICI Securities Limited
Target: 70
ICICI Securities Limited
IDFC Ltd to exit from AMC business and reverse merger to be undertaken with additional capital ploughed in the bank. In such scenario, swap ratio will be higher (to account for additional capital inflow) and the transaction will be win-win for both entities as it will strengthen bank's balance sheet...
 
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