IDFC Limited-Post the Rajiv Lall interview on TV18, it is clear that IDFC will be merged into IDFC Bank-only timing and modalities are the consideration. Since, IDFC Equity is approx Rs 1600 crore and it also owns the MF, Alternates and Broking Biz, the reverse merger will favour the IDFC Shareholders. So the deal should be to consider BUYING the Holdco and Sell the Bank.
In yesterday's trade Total OI rose to 9.3 Crore shares and intra-day volume was 8.0 Crore in the Futures-means most was speculative action. Post a vaccuos reply from the two cos to the Exchanges-the dip may be an entry point with a Hold till March 2017.
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