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;))
Recent news on IDFC First Bank
See all newsBrief: IDFC First Bank Appoints Hardik Thaker As Chief Information Security Officer Effective October 30, 2026
Factbox: Large cross-border deals in India's financial sector this year
Brief: Idfc First Bank Says Loans & Advances As On Sept 30 Up 20.4% Y/Y
Indian banks fall as proposed insurance commission caps raise fee-income concerns (updated)
Indian banks fall as proposed insurance commission caps raise fee-income concerns