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IDFC First Bank taps ADIA, Warburg to raise ₹7,500 crore
Hindustan Times Lucknow
|April 18, 2025
Private equity major Warburg Pincus and sovereign fund Abu Dhabi Investment Authority (ADIA) have agreed to invest ₹7,500 crore in IDFC First Bank for close to 15% stake, delivering a capital boost for the private lender to accelerate its credit card and wealth management businesses.
MUMBAI:
The bank will issue compulsorily convertible preference shares (CCPS) worth ₹4,876 crore to a Warburg Pincus affiliate, and shares worth ₹2,624 crore at ₹60 each to an ADIA subsidiary. The Warburg affiliate will hold 9.48% stake, and the ADIA unit 5.1%.
Dit verhaal komt uit de April 18, 2025-editie van Hindustan Times Lucknow.
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