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IDFC Limited shares will be suspended from trading from October 10, 2024, as it has merged with IDFC First Bank. IDFC shareholders will get 155 shares of IDFC First Bank in exchange for every 100 shares of IDFC. The existing F&O contracts will expire on October 9, 2024. This information has been given in a circular of the National Stock Exchange (NSE). That is, the shares of IDFC Limited will remain in trading on the last day on October 9.
As per the merger scheme, IDFC shareholders will receive 155 fully paid-up equity shares of IDFC First Bank Limited for every 100 shares held by them in IDFC Limited as on the record date of October 10, 2024.
F&O contracts to expire on October 9, 2024 Following this development, the existing F&O contracts of IDFC Limited which were to expire in October, November and December 2024 will now expire on October 9, 2024. These contracts will be settled physically and physical delivery margin will be applied on open positions as per the exchange policy. Share performance IDFC Ltd On Friday, the company's stock closed at Rs 109.40 with a gain of 0.56 per cent. In the last one year, the company's stock has seen a decline of 11.56 per cent. The 52-week high of the stock is Rs 129.70.
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