 "IDFC Bank")
The share price of IDFC -- holding company for IDFC First Bank and sponsor for IDFC Asset Management Company (AMC) -- has seen a spike of 22 per cent over the last two days amid market buzz that the holding company could see value unlocking in the two companies in the near-term.
“There has been buzz that IDFC could monetise its stake in IDFC First Bank as the lock-in period will end in few months. Also, the stock has been trading at attractive valuations,” said Deven Choksey, managing director of KR Choksey Investment Managers.
The lock-in period for IDFC to
