IDFC First Bank Limited has informed the Exchange that Record date for the purpose of Dividend is 11-Jul-2025.
IDFCFIRSTB · price
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IDFC First Bank's board, at its July 3, 2025 meeting, approved an amendment to its investment agreement with Currant Sea Investments B.V. as part of a proposed ₹7,500 crore fund raise via compulsorily convertible preference shares (CCPS). The amendment revises the investor's director nomination right to 1 non-executive director (retiring by rotation) and raises the shareholding threshold to maintain that right from 2% to 5%, while removing committee representation rights. The bank also received RBI approval for appointing Walker Chandiok & Co LLP and M.P. Chitale & Co as joint statutory auditors for FY 2025-26. Additionally, the board set July 11, 2025 as the record date to determine shareholders eligible for the FY 2024-25 dividend it had recommended on April 26, 2025.
Shareholders must hold IDFC First Bank shares by July 11, 2025 to receive the FY25 dividend. The revised investor terms dilute board-level influence of the incoming investor and could ease governance concerns, while the large ₹7,500 crore capital raise strengthens the bank's growth capital base.