{"id":40060,"date":"2018-02-03T09:28:40","date_gmt":"2018-02-03T09:28:40","guid":{"rendered":"https:\/\/www.edristi.in\/?p=40060"},"modified":"2018-02-03T09:28:40","modified_gmt":"2018-02-03T09:28:40","slug":"merger-idfc-bank-capital-first","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/merger-idfc-bank-capital-first\/","title":{"rendered":"Merger of IDFC Bank &#038; Capital first"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Question- According to the recent announcement on which date of merger of IDFC Bank and Capital First will take effective?<\/strong><br \/>\n(a) April 1, 2018<br \/>\n(b) March 1, 2018<br \/>\n(c) May 1, 2018<br \/>\n(d) April 1, 2018<br \/>\n<strong>Answer: (b)\u00a0<\/strong><strong><br \/>\nRelated Facts:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>On January 13<sup>th<\/sup>, 2018 merger of &#8216;IDFC Bank&#8217; and &#8216;Capital First&#8217; was announced.<\/li>\n<li>&#8216;Capital First&#8217; is a non-banking finance company engaged in retail business Supported by private equity firm Bargh Pincus.<\/li>\n<li>Vaidyanathan will be the MD and CEO of the new company and Rajiv Lal will be the non-executive chairman of IDFC Bank.<\/li>\n<li>Under the terms of merger, IDFC Bank will issue 139 shares in exchange for each 10 shares of Capital First.<\/li>\n<li>This interchanging of shares is called &#8216;stock swap&#8217;.<\/li>\n<li>Merger will help in the expansion of IDFC Bank Deposit and business.<\/li>\n<li>It is important that IDFC was trying to acquire a strong retail franchise.<\/li>\n<li>In this sequence, earlier he tried unsuccessfully to merge with &#8216;Shriram Group&#8217;.<\/li>\n<li>Merger of IDFC Bank and Capital First will be effective from 1st April, 2018.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Reference: \u00a0\u00a0\u00a0\u00a0 <\/strong><br \/>\n<a href=\"http:\/\/www.livemint.com\/Politics\/CpCkiZEWtXfB1jlmg5xUBK\/IDFC-Bank-agrees-to-acquire-Warburgbacked-lender-Capital-Fi.html\" target=\"_blank\" rel=\"noopener\">http:\/\/www.livemint.com\/Politics\/CpCkiZEWtXfB1jlmg5xUBK\/IDFC-Bank-agrees-to-acquire-Warburgbacked-lender-Capital-Fi.html<\/a><br \/>\n<a href=\"https:\/\/economictimes.indiatimes.com\/industry\/banking\/finance\/idfc-bank-capital-first-announces-merger\/articleshow\/62485644.cms\" target=\"_blank\" rel=\"noopener\">https:\/\/economictimes.indiatimes.com\/industry\/banking\/finance\/idfc-bank-capital-first-announces-merger\/articleshow\/62485644.cms<\/a><br \/>\n<a href=\"https:\/\/hindi.news18.com\/news\/business\/idfc-bank-and-capital-first-announce-merger-1231565.html\" target=\"_blank\" rel=\"noopener\">https:\/\/hindi.news18.com\/news\/business\/idfc-bank-and-capital-first-announce-merger-1231565.html<\/a><br \/>\n<a href=\"https:\/\/navbharattimes.indiatimes.com\/business\/business-news\/idfc-bank-capital-first-merger-can-announced-today\/articleshow\/62482903.cms\" target=\"_blank\" rel=\"noopener\">https:\/\/navbharattimes.indiatimes.com\/business\/business-news\/idfc-bank-capital-first-merger-can-announced-today\/articleshow\/62482903.cms<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question- According to the recent announcement on which date of merger of IDFC Bank and Capital First will take effective? (a) April 1, 2018 (b) March 1, 2018 (c) May 1, 2018 (d) April 1, 2018 Answer: (b)\u00a0 Related Facts: On January 13th, 2018 merger of &#8216;IDFC Bank&#8217; and &#8216;Capital First&#8217; was announced. &#8216;Capital First&#8217; [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":39191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-40060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/40060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=40060"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/40060\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/39191"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=40060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=40060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=40060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}