IDFC up over 20% over last two trading sessions on buzz of stake sale

The share price of IDFC — holding company for IDFC First Bank and sponsor for IDFC Asset Management Company (AMC) — has seen a spike of 22 per cent over the last two days amid market buzz that the holding company could see value unlocking in the two companies in the near-term.
“There has been buzz that IDFC could monetise its stake in IDFC First Bank as the lock-in period will end in few months. Also, the stock has been trading at attractive valuations,” said Deven Choksey, managing director …

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