IDFC Stock Made Ashish Dhawan ₹347 Crore Richer In The Past Year

IDFC stock has come into great focus after its merger with IDFC First Bank was announced. On Wednesday, IDFC’s share price went up over 4% to hit a new 52-week high of ₹116.85.

Ace investor Ashish Dhawan has been a long-time investor in the company. He currently owns 3.5% or 5.6 crore shares of the company. Last year in July, he held the same amount of shares. In the past year shares of IDFC have gone up over 100%.

See Also: What IDFC And IDFC First Bank Merger Means For Shareholders

So, on July 6, when the stock closed at ₹54.25, the value of Dhawan’s 5.6 crore shares was ₹303.80 crore. Today, a year later, his investment has appreciated to around ₹650 crore. An increase of around ₹347 crore.

The stock also counts Akash Bhansali as an investor. Bhansali has 2.15% shares or 3.4 crore shares of the company. He has also been a long-time investor in the stock. In the same period, his investment has grown by over ₹200 crore.

Price Action: IDFC shares were up 3.87% to trade at ₹115.50 in the early hours of trading on Wednesday.

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Posted In: EquitiesEducationMarketsGeneralAkash BhansaliAshish DhawanIDFC