IDFC First Bank share price traded higher on Wednesday after the private lender announced that Currant Sea Investments B.V. received CCP approval for stake acquisition. IDFC First Bank shares gained as much as 0.64% to ₹67.41 apiece on the BSE.
“… we wish to inform that Currant Sea Investments B.V. has received the approval of the CCI with respect to its proposed investment of up to 9.99% of the paid-up share capital of the Bank,” IDFC First Bank said in a regulatory filing on June 4.
The proposed investment is subject to receipt of approval from the Reserve Bank of India (RBI), the private lender added.
At 2:30 PM, IDFC First Bank share price was trading 0.43% higher at ₹67.27 apiece on the BSE.
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