Capital First merges with IDFC Bank — Should investors buy into the weakness?
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Then it tried to punch above its weight by eyeing a merger with Shriram Group. The attempt failed, prompting questions about IDFC Bank’s growth path. The decision to merge Capital First with itself was therefore well timed. The premium paid (close to 12.5%Capital First merges with IDFC Bank — Should investors buy into the weakness?
Then it tried to punch above its weight by eyeing a merger with Shriram Group. The attempt failed, prompting questions about IDFC Bank’s growth path. The decision to merge Capital First with itself was therefore well timed. The premium paid (close to 12.5%) is a small price for salvaging a brand like “IDFC”. Read more