#idfc first bank #IDFC
according to calculations, idfc bank will issue 37 cr shares at around 59 per share i.e. 2200cr rs ....
in this way no. of shares of bank will increase to 623+37=660cr and shares with idfc ltd will be 227+37=264cr
My Demand: Make Long Term Capital Gain TAX on Equities NIL for individual investor.
I welcome the hike in STT (security transaction tax) on derivatives as it can curb reckless speculation. Nearly 90% of retail investors lose money in F&O, turning markets into gambling.
When STT was originally introduced, LTCG was zero. But now with both STT and LTCG in place, investors are disincentivised.
I urge the govt to abolish LTCG on equities for individuals, as done in Switzerland, Singapore, UAE & others. This will boost household wealth, reduce speculation, and shift savings from gold & real estate into equities.
@nkieindia@prbsl@AdarshWritess It's not about just no. of employees...
Govt employees salary is much better than their private counterparts at lower n mid level