Mumbai
IDFC Bank Ltd., subsidiary of IDFC Ltd, the country’s leading integrated infrastructure finance company, on Friday went public by listing its shares on BSE under the scrip ID 539437 and on National Stock Exchange (NSE) under the symbol IDFCBANK.
The book value of an IDFC Bank share is Rs 39.11.
Present on the occasion were Anil Baijal, Non-Executive Chairman, IDFC Bank, Dr. Rajiv B. Lall, Managing Director & CEO, IDFC Bank, Deepak Parekh, Chairman of HDFC Ltd. & first Chairman of IDFC Ltd. and Ashishkumar Chauhan, MD & CEO, BSE.
IDFC Bank secured the approval to list its shares from the two stock exchanges in the first week of November.
The bank has started its journey in the competitive Indian banking space with a balance sheet of Rs 73,447 crore and a net worth of Rs 13,322 crore.
“The demerger and the subsequent listing of IDFC Bank is a significant milestone in the life of IDFC,” said Dr. Lall, adding, “IDFC’s journey in infrastructure financing has seen remarkable success, thanks to the trust our investors placed in us. IDFC Bank will continue to strive towards building exceptional value for investors, while remaining true to its legacy of serving the nation.”
The Reserve Bank of India granted a universal banking license to IDFC Limited on July 23, 2015. IDFC Ltd. demerged on October 1, 2015, transferring all assets and liabilities of its lending business (“Financing Undertaking”) to IDFC Bank Limited.
