|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||86.00 - 89.50|
|52 Week Range||52.10 - 100.70|
|Beta (5Y Monthly)||0.88|
|PE Ratio (TTM)||19.86|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jul 23, 2018|
|1y Target Est||N/A|
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IDFC First Bank said on Monday its board had given the green light for a merger with IDFC Ltd, just days after the landmark $40 billion merger between Housing Development Finance Corp and HDFC Bank came into effect. IDFC Ltd shareholders will receive 155 shares of IDFC First Bank for each set of 100 shares they currently own in IDFC Ltd, according to an exchange filing.
India's central government's gross market borrowings for 2023/24 could come in below market expectations as a pool of securities raised to compensate states for a shortfall in goods and services tax may not be rolled over, a few economists said. The government's gross borrowing is expected to be a record 16 trillion rupees (about $196 billion) for the fiscal year through March 2024, according to a Reuters poll of economists. ICICI Securities Primary Dealership expects net government borrowings of 12.5 trillion rupees for the next financial year.