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04 Oct 2024, 01:00 PM
Suspension of trading - IDFC Limited
The equity shares of IDFC Ltd shall not be available for trading w.e.f October 10, 2024, pursuant to the scheme of amalgamation with IDFC First Bank Ltd.
155 fully paid-up equity shares of the face value of Rs. 10/- each of IDFC First Bank Ltd shall be issued and allotted for every 100 fully paid-up equity shares of the face value of Rs. 10/- each held in IDFC Ltd as on record date, October 10, 2024.
In view of the above, the existing F&O contracts of expiry months October 2024, November 2024 and December 2024 will expire on October 09, 2024, and shall be physically settled.
Note:
- The IDFC contracts will undergo physical settlement and physical delivery margins will be charged for open positions as per our policy.
- The expiry date on the Marketwatch will continue to display as the old expiry date but the contract will be available for trading only till the revised expiry date.
For more details, you can check the circulars here (1, 2, & 3).