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Warburg Pincus, ADIA Units to Invest $877 Mn in IDFC First Bank
Hindustan Times Patna
|April 18, 2025
India's IDFC First Bank will raise up to ₹7,500 crore ($877 million) from affiliate firms of private equity group Warburg Pincus and the Abu Dhabi Investment Authority (ADIA) sovereign wealth fund, the lender said on Thursday.
IDFC First Bank will issue Warburg Pincus, an existing investor, and Abu Dhabi Investment Authority convertible shares, which, if fully converted, will give them a combined 15% stake in the bank.
Currant Sea Investments B.V., a Warburg Pincus affiliate, will invest ₹4,876 crore for a 9.8% stake, while ADIA unit Platinum Invictus B 2025 RSC will invest about ₹2,624 crore for a 5.10% stake, IDFC First said.
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