IDFC First Bank to Raise $877 Million From Warburg Pincus, ADIA

IDFC First Bank to Raise $877 Million From Warburg Pincus, ADIA

IDFC First Bank Ltd has approved a plan to raise 75 billion rupees ($877 million) from Warburg Pincus LLC and Abu Dhabi Investment Authority.

IDFC FIRST Bank secures $877m investment from Warburg Pincus and ASIA - Private Equity Wire

Private equity firm Warburg Pincus and a unit of the Abu Dhabi Investment Authority (ADIA) are set to invest up to INR75bn (approximately $877m) in India’s IDFC FIRST Bank, in a significant capital raise aimed at accelerating the lender’s growth strategy. According to a statement from the bank, the investment will be made through the issuance of convertible shares, which, upon full conversion, will grant Warburg Pincus and ADIA a combined 15% st…

Invest: Warburg-ADIA get IDFC equity capital

Indian banking sector presents exciting opportunity, says Mahadevia The Board of Directors of IDFC FIRST Bank, at its meeting held 17 April, has approved a preferential issue of equity capital (CCPS) amounting to approximately Rs.4,876 crore to Currant Sea Investments B.V., an affiliate company of global growth investor Warburg Pincus LLC and approximately RS.2,624 crore […] Source

Warburg Pincus and Adia to invest $877m in Indian bank

India’s IDFC First Bank will raise up to 75 billion rupees ($877 million) from affiliate companies of private equity group Warburg Pincus and the Abu Dhabi Investment Authority sovereign wealth fund, the lender said on Thursday. IDFC First Bank will issue Warburg Pincus, an existing investor, and Adia convertible shares, which, if fully converted, will give them a combined 15 percent stake in the bank. Currant Sea Investments, a Warburg Pincus a…

India’s IDFC First Bank to raise 75 billion rupees from Warburg Pincus, Adia

IDFC First Bank has approved a plan to raise 75 billion rupees (S$1.2 billion) from Warburg Pincus and the Abu Dhabi Investment Authority (Adia).

Warburg Pincus, ADIA units to invest $877mln in India's IDFC FIRST Bank

IDFC FIRST Bank will issue Warburg Pincus, an existing investor, and ADIA convertible shares, which, if fully converted, will give them a combined 15% stake in the bank