Capital First's merger with IDFC Bank gets RBI nod

After getting the RBI's nod, IDFC Bank will now have to approach the shareholders and creditors of the merged companies. A nod from the NCLT is also required to clear the way for both the entities to merge. We expect both the stocks i.e. IDFC Bank and Capital First to react positively on this news and trade with positive bias.

from India Infoline News Service https://ift.tt/2Lrvr2m

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