FilingReader Intelligence
Currant Sea Investments acquires 10% stake in IDFC FIRST Bank
August 5, 2025 at 10:39 AM UTC•By FilingReader AI
Currant Sea Investments B.V. acquired a 9.97% stake in IDFC FIRST Bank Limited through a preferential allotment of 812.7 million compulsorily convertible preference shares.
The shares were priced at INR 60 each, including a premium of INR 50. Each preference share converts into one equity share at the acquirer's option or automatically when certain price conditions are met, with mandatory conversion within 18 months.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
BSE:IDFCFIRSTB•Bombay Stock Exchange
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