IDFC announced that its wholly owned subsidiary - IDFC Financial Holding Company has completed the transaction for sale of its 100% equity stake held in IDFC Securities to Dharmesh Mehta along with other investors after obtaining all necessary regulatory approvals.
Pursuant to the definitive agreement, IDFC FHCL has received a consideration of Rs 86 crore for its 100% shareholding. Subsequent to the completion of this transaction, the IDFC group does not hold any shareholding in IDFC Securities.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
