IDFC FIRST Bank secures INR 75bn in capital raise

IDFC FIRST Bank [BSE:IDFCFIRSTB] announced a significant capital infusion of approximately INR 75 billion following Board approval on April 17, 2025. The funds will be raised through a preferential issue of compulsorily convertible preference shares (CCPS) to two major investors: Currant Sea Investments B.V., an affiliate of Warburg Pincus LLC, which will invest approximately INR 48.76 billion, and Platinum Invictus B 2025 RSC Limited, a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA), which will invest approximately INR 26.24 billion.