June 6, 2018 / 4:14 AM / 2 months ago

BUZZ-India's IDFC Bank rises; RBI clears merger with Capital First

** IDFC Bank Ltd rises as much as 5.1 pct to 40.30 rupees, in its biggest intraday pct gain since Jan 11

** Capital First Ltd climbs as much as 3.7 pct to 553.35 rupees, in its biggest intraday pct rise since May 31

** IDFC Bank said on Tuesday here it received "no objection" from the central bank for acquisition of non-bank financial firm Capital First in a share swap deal valued at about $1.5 bln

** More than 5.5 mln IDFC Bank shares change hands, compared with 30-day moving avg of 15.5 mln

** As of Tuesday, IDFC Bank stock had fallen 29.3 pct this year, while Capital First had declined 23 pct

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