IDFC First Bank Limited

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IDFC - Infrastructure Development Finance corporation

These are my revised workings for both IDFC and IDFCB. First scenario is based on the current price and the other is based on a price of Rs 55 for IDFCB which is what I am assuming the price might be at the time of the reverse merger closer to the end of this financial year. For the AMC the value is post-tax; we know that Rs 2,500cr was the indexed value for the AMC in Jan, 2020; I have assumed this is now Rs 2,800cr and the LTCG rate is 20%. Also assuming that shares for the AMC cash are issued…