Warburg Pincus, ADIA to invest up to $877 million in India's IDFC First Bank
17/04/2025 04:45
April 17 (Reuters) - India's IDFC First Bank IDFB.NS on Thursday approved a plan to raise funds of up to 75 billion rupees ($877 million) by issuing preferential shares to affiliate firms of Warburg Pincus and the Abu Dhabi Investment Authority. ($1 = 85.5180 Indian rupees) (Reporting by Hritam Mukherjee in Bengaluru; Editing by Mrigank Dhaniwala) ((Hritam.Mukherjee@thomsonreuters.com; X: @MukherjeeHritam;))
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