IDFC First Bank Limited
ICICI Prudential Life Insurance reduced its stake in IDFC First Bank Limited from 2.42% to 2.07%, selling 2,99,18,880 shares.
A private sector bank providing comprehensive banking services across retail, corporate, and wholesale segments to customers throughout India. IDFC First Bank was formed through the merger of IDFC Bank and Capital First in 2018, combining their complementary strengths and expertise. The bank operates an extensive network of branches and digital channels, offering lending products, deposit accounts, investment solutions, and other financial services to individuals and businesses.
Joint venture between ICICI Bank and Prudential plc. Total AUM in excess of Rs 3.2 lakh crore deployed across linked, participating and non-participating funds. CIO Manish Kumar has run the equity book for over a decade, with style biased to quality large and mid-caps. Active across primary and secondary markets through ULIP and group fund mandates.