IDFC FIRST Bank has announced the allotment of 81,26,94,722 equity shares on October 8, 2025, following the conversion of compulsorily convertible cumulative preference shares. This allotment has resulted in a change in the equity share capital/total voting capital of the bank, now comprising 8,15,19,56,683 equity shares. The conversion impacts the bank’s total diluted share/voting capital as well.
Equity Share Capital Adjustment
IDFC FIRST Bank declared the allotment of equity shares subsequent to the conversion of preference shares. The process was completed on October 8, 2025, influencing the overall capital structure.
Details of the Allotment
A total of 81,26,94,722 equity shares were allotted as a result of the conversion of compulsorily convertible cumulative preference shares. This action was in accordance with the investment agreement dated April 17, 2025, between IDFC FIRST Bank and Currant Sea Investments B.V.
Impact on Share Capital
Prior to this allotment, the equity share capital/total voting capital of the bank was INR 73,39,26,19,610, consisting of 7,33,92,61,961 equity shares. Post-allotment, the equity share capital/total voting capital now stands at INR 81,51,95,66,830, comprising 8,15,19,56,683 equity shares. The total diluted share/voting capital of the bank is INR 85,89,14,23,490, representing 8,58,91,42,349 equity shares.
Source: BSE
