IDFC First Bank: Board OKs Rs 20,000 cr capital raise plan, sets dividend record date Aug 7
IDFCFIRSTB · price
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Board approved enabling approval to raise up to Rs 7,500 crore via equity securities and Rs 12,500 crore via debt instruments over one year, subject to shareholder and regulatory nods. Fixed August 7, 2026 as record date for final dividend for FY26, pending AGM approval. Independent Director Pravir Vohra to step down July 31 after completing max tenure. CVO Nilesh Doshi to exit Aug 16, replaced by Anurag Mishra from Aug 17. Also approved Articles amendment allowing eligible investors to nominate a non-executive director.
Capital raise plan may dilute equity if executed; dividend record date signals shareholder payout; director and CVO exits are routine tenure completions with successors named.