Private Equity Liquidity Events
Warburg Pincus sells 4.2 % stake in IDFC First Bank worth Rs.2,480-Cr
Warburg Pincus has sold a 4.2% stake in publicly listed IDFC First Bank Ltd, realising INR 2,480.34 crore.
Post the sale, Warburg holds a 2.91% stake in the bank.
From the Venture Intelligence PE-VC Deal Database: In April 2020, existing stakeholder Warburg Pincus invested about INR 200 crore in IDFC First Bank via a preferential equity issue. Warburg had previously (since 2012) been an investor in NBFC, Capital First, which merged with IDFC Bank in 2018.