IDFC FIRST Bank's board approves fundraising of Rs 7,500 crore from Warburg Pincus and Abu Dhabi Investment Authority
Apr 17, 2025
Mumbai (Maharashtra) [India], April 17: The Board of Directors of IDFC FIRST Bank, at its meeting held today, approved a preferential issue of equity capital (CCPS) amounting to approximately Rs4,876 crore to Currant Sea Investments B.V., an affiliate company of global growth investor Warburg Pincus LLC and approximately Rs2,624 crore to Platinum Invictus B 2025 RSC Limited, a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) managed by its Private Equities Department. The proposed issues are subject to shareholder and regulatory approvals.