![After HDFC twins, IDFC First Bank approves merger with IDFC; stock tanks 6%](https://images.assettype.com/fortuneindia%2F2022-04%2Fd7f53e58-048b-4248-8c85-5a76091f658e%2FIDFC_merger_copy.jpg?rect=0,56,640,320&w=300&q=95)
After HDFC twins, IDFC First Bank approves merger with IDFC; stock tanks 6%
IDFC First Bank says merger to create an institution with diversified public and institutional shareholders; standalone book value per share of bank to increase by 4.9%
IDFC First Bank says merger to create an institution with diversified public and institutional shareholders; standalone book value per share of bank to increase by 4.9%
V. Vaidyanathan of IDFC First Bank gifts shares worth about ₹4 crore to his trainer, home help and driver among others.