|
| Exchange Received Time 15/02/2019 20:37:25 Exchange Disseminated Time 15/02/2019 20:37:35 Time Taken 00:00:10 | Sub: Intimation of divestment of entire equity stake held in Digikredit Finance Private Limited under Regulation 30 of the SEBI (LODR) Regulations, 2015
Pursuant to Regulation 30 and Schedule III of the Listing Regulations, we wish to inform you that Capital First Limited, as a part of Strategic Investment had acquired stake of 402,455 Equity Shares of Rs. 10 each comprising approximately 14.24% of the Share Capital of Digikredit Finance Private Limited ('Digikredit).
Pursuant to the effectiveness of Scheme of Amalgamation of Capital First Limited and its subsidiaries ('Amalgamating Companies') with IDFC FIRST Bank Limited (IDFC FIRST Bank) as on December 18, 2018 and in accordance with the provisions of the said Scheme, the said stake of Digikredit was inter- alia transferred to IDFC FIRST Bank.
We further wish to inform you that the Bank has entered into a Share Purchase Agreement dated February 15, 2019 for selling entire stake held in Digikredit.
|
|
|