The bank said in a regulatory filing that V Vaidyanathan, MD and CEO of IDFC First Bank, known for his generosity and innovative style of banking, has transferred 5 lakh shares of the private lender to the family members of his deceased associate. Gifted. As per the present value, the amount of shares is higher 2.1 crores.
“V Vaidyanathan, Managing Director and Chief Executive Officer, has gifted 5,00,000 equity shares of IDFC First Bank to the family members of a deceased associate, who were close to him for a long time, for his education and his financial support. security,” the bank said in a regulatory filing on Thursday.
worth share 3.95 crores to trainer, driver
Vaidyanathan gifted 9 lakh shares of the bank with him last month, which are worth more 3.95 crores to five persons including their trainer, house help and driver to help them buy the house. These five people are not related to the top official private sector bank,
Earlier also he had gifted shares in his personal capacity to some people unrelated to him. He gifted 3 lakh shares to his trainer Ramesh Raju; 2 lakh shares each to house help Pranjal Narvekar and driver Algarasamy C Munapar; and 1 lakh shares to Office Support Staff Deepak Patare and House Help Santosh Jogle.
In other news, the allotment, transfer and regular affairs committee of IDFC First approved the allotment of 59,200 fully paid-up equity shares on March 16, 2022. 10 each to the allottees on exercise of stock options under IDFC First Bank Employee Stock Option Scheme.
“These equity shares will be at par with the existing equity shares of the bank in all respects,” the lender said.
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