The board of directors of both IDFC First bank and IDFC Ltd announced their merger in July. The share exchange ratio between both should be equal to 155 equity of value Rs10 of IDFC bank for every 100 shares of IDFC Ltd. this merger resulted after HDFC Ltd got merged with HDFC Bank for around $40 million in a deal. As a result of the merger the value of per share of the bank would increase by 4.9 per cent. This merger will help simplify the structures of these banks making the process streamline of regulatory compliance.