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Posts tagged as “shares”

IDFC First Bank hits new low as MD & CEO Vaidyanathan sells 27 mn shares

Shares of IDFC Very first Financial institution tanked 10 per cent and hit a new low of Rs 18.60 on the BSE on Friday immediately after the bank’s Handling Director and Chief Government Officer (MD & CEO), V Vaidyanathan, offered 27.fifty six million shares for somewhere around Rs 58 crore to near ESOP personal loan availed by him.

The lender mentioned that Vaidyanathan intends to promote a further about Rs 35 crore truly worth of shares now (March twenty, 2020) to totally repay the residual ESOP (staff stock ownership approach) Financial loan taken for performing exercises his ESOP shares to launch his pledged shares. He holds 42.35 million shares, representing .88 per cent stake, immediately after yesterday’s sale. Study THE Trade Submitting Below

In the past 1 thirty day period, IDFC Very first Bank’s stock price has tanked fifty four per cent, as in contrast to 32 per cent drop

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