Key Points
IDFC First Bank shares will be in focus on Friday after the companys Managing Director gifted 7 lakh equity shares to five people not related to him..
In a stock exchange filing, IDFC First Bank informed that its Managing Director & CEO V. Vaidyanathan gifted 7,00,000 equity shares of the company held by him on March 21 to five people without consideration..
As per the companys regulatory filing, Vaidyanathan has gifted 50,000 shares to Sameer Mhatre for the purpose of house purchase assistance and 75,000 equity shares to Mayank Mrinal Ghosh as financial security to kin due to the bereavement of a colleague..
(Rtd.) Sampath Kumar has been given 2,50,000 IDFC First Bank shares by the MD & CEO as an assistance to senior citizen for providing support earlier in life..
Read here: IDFC First Bank Q3 Results: Net profit rises 18% to 715 crore, NII up 30.5% YoY; asset quality stronger ..
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