CCI approves the proposed acquisition of up to 9.99% of the paid up share capital of IDFC First Bank Limited by Currant Sea Investments B.V.

CCI approves the proposed acquisition of up to 9.99% of the paid up share capital of IDFC First Bank Limited by Currant Sea Investments B.V. https://www.taxtmi.com/news?id=45611 The Competition Commission of India approved the proposed acquisition of up to 9.99% of the paid-up share capital of IDFC First Bank Limited by Currant Sea Investments B.V., effected by subscription to 81,26,94,722 compulsorily convertible cumulative preference shares on a fully diluted basis; the acquirer is a Netherlands-incorporated investment holding company and the Target is a commercial bank offering deposit, lending, card, mutual fund and insurance distribution and various corporate and retail financial services. en-us Wed, 04 Jun 2025 09:53:27 +0530 Wed, 04 Jun 2025 09:53:26 +0530 TaxTMI RSS Generator CCI approves the proposed acquisition of up to 9.99% of the paid up share capital of IDFC First Bank Limited by Currant Sea Investments B.V. https://www.taxtmi.com/news?id=45611 The Competition Commission of India approved the proposed acquisition of up to 9.99% of the paid-up share capital of IDFC First Bank Limited by Currant Sea Investments B.V., effected by subscription to 81,26,94,722 compulsorily convertible cumulative preference shares on a fully diluted basis; the acquirer is a Netherlands-incorporated investment holding company and the Target is a commercial bank offering deposit, lending, card, mutual fund and insurance distribution and various corporate and retail financial services. News - Wed, 04 Jun 2025 09:53:27 +0530 https://www.taxtmi.com/news?id=45611