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Capital First Ltd. was an Indian non-bank financial institution providing debt financing to small entrepreneurs, MSMEs and consumers. In December 2018, it was merged into IDFC Bank to form IDFC First Bank .
Capital First was founded as Future Capital Holdings under the Future Group, and was acquired by Warburg Pincus and V. Vaidyanathan in 2012. [18] [19] As per a September 2017 stock filing, Capital First had a retail loan portfolio of ₹ 229.7 billion. [20] 139 shares of IDFC Bank were issued for every 10 shares of Capital First as part of the ...
The following is a list of publicly traded companies having the greatest market capitalization, sometimes described as their "market value": [1]. Market capitalization is calculated by multiplying the share price on a selected day and the number of outstanding shares on that day.
In June 2019, the bank raised 430 million fund from Amicus Capital [12] and in November, it raised 84 Crore fund as Oman India Joint Investment Fund bought 10% share of the bank. [13] [14] In Feb 2024, it stopped trading in unlisted market and was listed. The unlisted share price details are available Unlisted Share Details.
IDFC Bank issued 139 shares for every 10 shares of Capital First, and Vaidyanathan took over as the MD and CEO of the combined bank. [ 21 ] [ 22 ] Effectively Vaidyanathan successfully secured a banking license for Capital First through the merger and assumed control of the bank's management.
On 10 January 2013, the National Stock Exchange signed a letter of intent with the Japan Exchange Group, Inc. (JPX) on preparing for the launch of NIFTY 50 Index futures, a representative stock price index of India, on the Osaka Securities Exchange Co., Ltd. (OSE), a subsidiary of JPX. [46]
Capital First Limited invested in VFS in July 2018. In December 2018, IDFC Bank Ltd merged with Capital First Ltd and renamed itself as IDFC First Bank Ltd. [19] IDFC First Bank Ltd owns a 7.03 per cent stake in VFS, [20] while Param Value Investments along with other investors holds 11.62 per cent in VFS. [16]
NIFTY 500 is India’s first broad-based stock market index of the Indian stock market. [1] It contains top 500 listed companies on the NSE. The NIFTY 500 index represents about 96.1% of free float market capitalization and about 96.5% of the total turnover on the National Stock Exchange ().