IDFC First Bank Fixes Floor Price For Rs 3,000-Crore QIP At Rs 60.34 Per Share
IDFC First Bank Nerul Branch. (Photo: BloombergQuint) 

IDFC First Bank Fixes Floor Price For Rs 3,000-Crore QIP At Rs 60.34 Per Share

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Private sector lender IDFC First Bank on Tuesday said it has fixed the floor price at Rs 60.34 for the Rs 3,000 crore qualified institutional placement issue.

The Capital Raising Committee of the Board also decided that the bank may at its discretion offer a discount of not more than 5% on the floor price for the issue, IDFC First Bank said in a regulatory filing.

Further, it said, a meeting of the Capital Raising Committee of the bank will be held on April 6 to consider and determine the issue price of shares to the institutional investor including a discount, if any.

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