IDFC Bank Ltd. announced to acquire which non-bank financial firm on 13 January 2018?
A. LP Financial Ltd
B. Capital First Ltd
C. Bajaj Capital
D. First source
Answer:B
IDFC Bank Ltd. announced to acquire which non-bank financial firm on 13 January 2018?
A. LP Financial Ltd B. Capital First Ltd C. Bajaj Capital D. First source
Explanation: IDFC Bank Ltd, one of India’s two newest banks, will acquire non-bank financial firm Capital First Ltd in a share swap deal valued at about $1.5 billion. This deal was announced on 13 January 2018. Capital First Ltd. is owned more than a third by private equity firm Warburg Pincus. Capital First’s founder and chairman V. Vaidyanathan will become chief executive of the combined entity. Under the deal shareholders in Capital First will receive 139 shares of the bank for every 10 shares held. The deal is conditional on central bank and other regulatory approvals..............Check More at INDIA GK" App: tinyurl.com/IndiaGK