<ul><li>IDFC FIRST Bank will issue compulsorily convertible preference shares at Rs 60 each to Warburg Pincus affiliate Currant Sea and ADIA-backed Platinum Invictus to raise Rs 7,500 crore.</li><li>The board of IDFC FIRST Bank has approved raising up to Rs 7,500 crore from two separate investors backed by Warbug Pincus and Abu Dhabi Investment Authority.</li><li>The two investors include Currant Sea Investments BV and Platinum Invictus B 2025 RSC. Currant Sea is an affiliate of Warburg Pincus and Platinum Invictus is an affiliate of ADIA.</li><li>The bank will allot 81.26 crore and 43.71 compulsorily convertible preferential shares at Rs 60 per piece each to both marque investors, respectively.</li></ul>

IDFC FIRST Bank Board Approves Fundraising Of Rs 7,500 Crore From Warburg, ADIA

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