Others

Idfc Bank Ltd - Announcement under Regulation 30 (LODR)-Scheme of Arrangement

| Updated on September 04, 2018 Published on September 04, 2018

This is in continuation to our letter dated July 28, 2018.

We wish to inform you that as per Order dated July 19, 2018 of the Honble NCLT, Chennai Bench, meetings of the Secured & Unsecured Creditors of IDFC Bank were held on September 3, 2018 at 10.00 a.m. & 11.30 a.m. respectively at Chennai.

The meetings were held for approval of the aforesaid creditors of IDFC Bank to the Composite Scheme of Amalgamation of Capital First Limited & Capital First Home Finance Limited & Capital First Securities Limited with IDFC Bank Limited and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.

In this regard, please find enclosed proceedings of the meetings of the Secured and Unsecured Creditors along with Scrutinizers Reports on the results of the meetings.

This is to inform you that the aforesaid resolution for Amalgamation was passed with requisite majority by the Secured & Unsecured Creditors of IDFC Bank.

Pdf Link: Idfc Bank Ltd - Announcement under Regulation 30 (LODR)-Scheme of Arrangement

Source : BSE - www.bseindia.com

Published on September 04, 2018
This article is closed for comments.
Please Email the Editor