IDFCFirst Bank Funding IDFCFirst Bank Share Price IDFC First Bank shares have been rising for four days. Today, in the board meeting, the bank has also taken three important decisions. These include changes in the dividend fundraise agreement. Registered shareholders will be eligible to get dividend till July 11, 2025.
Three major decisions have been approved in the board meeting of a private bank today. On the other hand, the second thing to note is that its stock has been seeing a rise for the last four days. Here we are talking about the shares of IDFC First Bank. Which has reached Rs 77.55 on Monday at around Rs 72, now due to the rise of 4 days.
Talking about the three major decisions taken in the board meeting today, these include changes in the investment agreement related to fundraise, appointment of new auditors and fixing the record date for dividend.
The first decision related to fundraise
The bank has decided to take a decision on the proposed fundraise of Rs 7,500 crore with Currant Sea Investments B.V. The bank has approved an amendment to the investment agreement made with Currant Sea on 17 April 2025. This amendment includes giving Currant Sea the right to nominate a non-executive director on the board of the bank. This amendment will now take the form of a new agreement.
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