This is to inform you that the Composite Scheme of Amalgamation of Capital First Limited Capital First Home Finance Limited and Capital First Securities Limited (collectively referred to as Amalgamating Companies) with IDFC Bank Limited (Amalgamated Company)(a subsidiary company of IDFC Limited) and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act 2013 (Scheme) were approved by the Honble NCLT Chennai Bench and Honble NCLT Mumbai Bench on December 12 2018 and December 13 2018 respectively.<BR> <BR> Further the Meeting of the Board of Directors of IDFC Bank Limited (IDFC Bank or the Bank) was duly convened yesterday on December 18 2018 and the following matters were noted:<BR> <BR> 1. Receipt of Order dated December 12 2018 by IDFC Bank received from Honble NCLT Chennai Bench approving the Scheme.<BR> <BR> 2. October 01 2018 as the Appointed Date of the Scheme as approved by the Honble NCLT Chennai bench and Honble NCLT Mumbai Bench.<BR> <BR> 3. December 18 2018 as the Effective Date of the Scheme. <BR> <BR> <BR> 4. Record Date for determining the Equity Shareholders of Capital First Limited<BR> <BR> IDFC Bank has fixed Monday December 31 2018 as the Record Date for determining the equity shareholders of Capital First Limited who shall be entitled to receive shares of IDFC Bank as consideration pursuant to the Scheme.<BR> <BR> In accordance with the Scheme IDFC Bank will issue and allot to those shareholders of Capital First Limited whose names would appear in the register of members of Capital First Limited on the Record Date 139 Equity Shares of Rs. 10 each of IDFC Bank fully <BR> paid-up for every 10 Equity Shares of Rs. 10 each fully paid-up held by such member in Capital First Limited. Subsequent to such allotment of shares the shareholding of IDFC Limited in IDFC Bank will be reduced from 56.18% to approximately 40%. Consequently IDFC Bank will cease to be a subsidiary company of IDFC Limited and will become an Associate company of IDFC Limited.<BR> <BR> Please take the above on record.<BR>