The smooth completion of IDFC First Bank’s merger with IDFC Ltd is a noteworthy achievement for the Indian banking and financial industry. With the merger taking effect in September 2024, a stronger and more diverse financial organization will be formed by fusing the financial services experience of IDFC Ltd. with the banking know-how of IDFC First Bank. It is anticipated that the unification will improve operational efficiency, access a larger consumer base, and offer more services under one cohesive organization. The merger will benefit the shareholders of both businesses, as the new organization will be well-positioned for expansion and innovation in the future.
For ₹200 crore, Adani Enterprises’ joint venture purchases a 74% share in Cococart Ventures with a focus on retail.
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