Warburg Pincus and ADIA to Invest ~Rs.7,500 Crore in IDFC FIRST Bank
April 17, 2025
IDFC FIRST Bank approved a preferential issue of convertible preference shares totaling approximately Rs. 7,500 crore: ~Rs. 4,876 crore to Currant Sea Investments B.V. (an affiliate of Warburg Pincus) and ~Rs. 2,624 crore to Platinum Invictus B 2025 RSC Limited (a wholly owned subsidiary of ADIA). The capital raise, subject to shareholder and regulatory approvals, will strengthen the bank’s capital adequacy (CET-1 and overall ratios) and support its next phase of growth.
- Buyers
- Currant Sea Investments B.V., Warburg Pincus LLC, Platinum Invictus B 2025 RSC Limited, Abu Dhabi Investment Authority (ADIA)
- Targets
- IDFC FIRST Bank
- Industry
- Financial Services
- Location
- Maharashtra, India
- Transaction Type
- Growth capital
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