BANKS
IDFC First Bank to sell Mumbai office space to NSDL for Rs 198 cr
IDFC First Bank has entered into an agreement with National Securities Depository Limited to sell one of its premises in Mumbai for Rs 198 crore.
IDFC First Bank has entered into an agreement with National Securities Depository Limited to sell one of its premises in Mumbai for Rs 198 crore.
IDFC First Bank has entered into an agreement with the National Securities Depository Limited (NSDL) to sell one of its premises in Mumbai for Rs 198 crore.
The office space that would be sold to the securities depository is located in
Naman Chambers, based in the business hub of Bandra-Kurla Complex (BKC), the private lender informed the stock exchanges today.
The decision is “part of consolidation of bank’s operations near its corporate office at IDFC First Bank Tower (The Square), C-61, G Block, BKC, Mumbai," the lender stated in its regulatory filing.
“The consideration for the mentioned office premises amounts to Rs 198 crore," it added.
