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IDFC First Bank gets ₹7.5K cr investment from Warburg, ADIA
Business Standard
|April 18, 2025
Fundraise 4th-largest by an Indian private-sector lender
Private-sector lender IDFC First Bank said on Thursday that US-based private equity firm Warburg Pincus LLC and Abu Dhabi Investment Authority (ADIA) would invest a total of ₹7,500 crore in the bank through a preferential equity issue aimed at supporting the lender's next phase of growth.
Warburg Pincus, through its affiliate company Currant Sea Investments BV, will invest ₹4,876 crore, while ADIA will invest ₹2,624 crore through its wholly owned subsidiary Platinum Invictus B 2025 RSC, the private lender said in a release.
IDFC First Bank's board earlier approved the issuance of 1.25 billion fully paid-up compulsorily convertible cumulative preference shares (CCPS), of which 812.69 million CCPS will be allotted to Currant Sea Investments BV at ₹60 each. Similarly, 437.18 million CCPS will be allotted to Platinum Invictus B 2025 RSC at ₹60 each.
Currant Sea Investments BV will hold 9.48 per cent and Platinum Invictus B 2025 RSC 5.1 per cent in the bank on a post-money basis on the conversion of CCPS, the bank said.
Cette histoire est tirée de l'édition April 18, 2025 de Business Standard.
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