V. Vaithiyanathan, Managing Director and CEO, IDFC First Bank, has gifted 9 lakh shares worth Rs 4 crore to 5 of his employees to buy their own homes.
New Delhi, First Published Feb 22, 2022, 10:14 AM IST
V. Vaithiyanathan, Managing Director and CEO, IDFC First Bank, has gifted 9 lakh shares worth Rs 4 crore to 5 of his employees to buy their own homes.
V. who is the Managing Director of ICFC First Bank. It is learned that Vaithiyanathan has given the shares he owns to his employees through stock market filing
In the IDFC First Bank filing, it said, “V. Vaithiyanathan has gifted shares of the bank worth Rs. 9 lakhs to the following 4 persons.
Accordingly, his instructor Ramesh Raju (3 lakh shares), his house assistant Pranchal Narvekar (2 lakh shares), car driver Alagharsamy C Mooppanar (2 lakh shares), office assistant Deepak Bhattare (one lakh shares) and housemaid Santosh Jegatale (a. Lakh shares).
Shares of IDFC Bank traded at Rs 43.90 paise on the Indian Stock Exchange yesterday. 9 lakh shares valued at Rs 3.95 crore.
This is not the first time Vaithiyanathan has helped like this. He has given this to his employees before.
Prior to this, in May 2021, Vaithiyanathan had gifted 4.50 lakh shares worth Rs 2.43 crore to 3 people to buy their own house.
In October 2020, one lakh shares worth Rs 30 lakh were donated to Saini by his math teacher Kurti.
Apart from that, Vaithiyanathan has given 4.30 lakh shares worth Rs 20 crore to his employees, friends and family members.
Vaithiyanathan, who is a director of IDFC Bank, owns 2.44 crore shares. As of March 2019, there were 5.68 crore shares.
Last Updated Feb 22, 2022, 10:14 AM IST
Download App:
