Business Desk, AnyTV, New Delhi
Published by: Deepak Chaturvedi
Updated Tue, 22 Feb 2022 03:31 PM IST
Summary
IDFC First Bank CEO Gifts Shares: IDFC First Bank CEO V Vaidyanathan is in the news for his generosity. In fact, he has given nine lakh shares worth over Rs 3.95 crore to five people, including his trainer, driver and helper, to help them buy homes.
V Vaidyanathan, MD and CEO of private sector IDFC First Bank, has set an example of generosity that remains a topic of discussion. In fact, he has gifted shares worth crores to his driver, house help, trainer and two others. According to a report, Vaidyanathan has given nine lakh shares worth over Rs 3.95 crore to these people to help them buy homes.
In a regulatory filing, the bank said that Vaidyanathan has gifted his nine lakh equity shares on February 21. According to a report released in this regard, the CEO of the bank gifted 3 lakh shares to his trainer Ramesh Raju. In addition, 2 lakh shares have been gifted to house help Pranjal Narvekar and driver Algarasamy C Munapar and 1 lakh shares each to office support staff Deepak Patare and house help Santosh Jogle.
According to the report, it was said on behalf of the bank that Rukmani Social Welfare Trust has given 2 lakh equity shares to support social activities. In this way, a total of 11 lakh equity shares of the bank have been gifted. There is no direct or indirect benefit derived by CEO V Vaidyanathan from these transactions.
Expansion
V Vaidyanathan, MD and CEO of private sector IDFC First Bank, has set an example of generosity that remains a topic of discussion. In fact, he has gifted shares worth crores to his driver, house help, trainer and two others. According to a report, Vaidyanathan has given nine lakh shares worth over Rs 3.95 crore to these people to help them buy homes.
In a regulatory filing, the bank said that Vaidyanathan has gifted his nine lakh equity shares on February 21. According to a report released in this regard, the CEO of the bank gifted 3 lakh shares to his trainer Ramesh Raju. In addition, 2 lakh shares have been gifted to house help Pranjal Narvekar and driver Algarasamy C Munapar and 1 lakh shares each to office support staff Deepak Patare and house help Santosh Jogle.
According to the report, it was said on behalf of the bank that Rukmani Social Welfare Trust has given 2 lakh equity shares to support social activities. In this way, a total of 11 lakh equity shares of the bank have been gifted. There is no direct or indirect benefit derived by CEO V Vaidyanathan from these transactions.