Warburg Pincus, ADIA Units to Invest $877 Mn in IDFC First Bank

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.

- Reuters

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.