PE Fund Investments
IDFC First Bank to raise Rs.7,500-Cr from Warburg, ADIA
Mumbai-headquartered publicly listed private sector lender IDFC First Bank has raised INR 7,500 crore from Warburg Pincus (via its unit Currant Sea Investments B.V., contributing INR 4,876 crore) and Abu Dhabi Investment Authority (via its unit Platinum Invictus B 2025 RSC Limited, contributing INR 2,624 crore) via a preferential issue of CCPS.With this fund raise, the overall capital adequacy of the bank will increase from 16.1% to 18.9%.
For FY24,IDFC First Bank had reported about INR 30,325 Cr in Operating Income and about INR 2,942 Cr in PAT.
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