InvestorQ : Is it true that IDFC is planning to exit its stake in IDFC Bank?
Sam Eswaran made post

Is it true that IDFC is planning to exit its stake in IDFC Bank?

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Moii Chavate answered.
4 months ago
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A small clarification here. IDFC has only clarified that as per RBI rules, it is now free to exit its stake in IDFC Bank, since the mandatory lock-in period of 5 years is over. There are no plans to exit the stake as of now. Currently, IDFC holds 36.56% stake in IDFC First Bank, which commenced operations in October 2015. IDFC Bank and Capital First had merged in 2018 to create IDFC First Bank. It looks like, for now, IDFC will hold on to IDFC Bank.

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