<ul><li>CCI has approved Warburg Pincus to acquire nearly 10% stake in IDFC First Bank.</li><li>This approval follows IDFC First Bank shareholders' rejection of inducting a non-retiring board member from Currant Sea Investments, a Warburg Pincus affiliate.</li><li>Private equity major Warburg Pincus sought CCI's approval in April for the acquisition of 9.99% stake in IDFC First Bank.</li><li>Currant Sea Investments, an arm of Warburg Pincus, received the CCI nod for the proposed acquisition.</li></ul>

CCI Issues Nod To Warburg Pincus To Acquire Nearly 10% Stake In IDFC First Bank

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