Currant Sea Investments converts shares in IDFC FIRST Bank

On October 8, 2025, Currant Sea Investments B.V. (Acquirer) completed a preferential allotment by converting 81,26,94,722 compulsory convertible cumulative preference shares into equity shares of IDFC FIRST Bank Limited. This transaction was executed in accordance with an investment agreement dated April 17, 2025.

Before the acquisition, Currant Sea Investments B.V. held 81,26,94,722 preference shares, representing 9.46% of the total diluted share/voting capital. Post-conversion, the acquirer now holds 81,26,94,722 equity shares, which constitutes 9.97% of the total share/voting capital and 9.46% of the total diluted share/voting capital of IDFC FIRST Bank.

The total equity share capital of IDFC FIRST Bank has increased from INR 73,39,26,19,610 comprising 7,33,92,61,961 equity shares before the acquisition, to INR 81,51,95,66,830 comprising 8,15,19,56,683 equity shares after the acquisition. The total diluted share/voting capital of the bank stands at INR 85,89,14,23,490.