IDFC First Bank share price has risen 13.84% on a year-to-date basis, and is up 0.20% in the last 12 months. (Photo source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

IDFC First Bank has announced the allotment of 43.71 crore equity shares to Platinum Invictus B 2025 RSC following the conversion of Compulsory Convertible Preference Shares on Monday through an exchange filing.

The CCPS were earlier issued to Platinum Invictus at a price of Rs 60 per share, aggregating to a total value of approximately Rs 2,623 crore.

Following the conversion, Platinum Invictus now holds a 5.09% stake in IDFC First Bank. In addition to the share allotment, the board of directors has approved a dividend on the CCPS at the rate of 8%, amounting to Rs 39.7 crore. This divide

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