2/5/2025, 10:50:04 am

IDFC First Bank up 1% after Warburg Pincus seeks CCI nod to buy 10%

IDFC First Bank's share price surged over 1% as Warburg Pincus sought regulatory approval to acquire a 9.99% stake through 81 crore preference shares. Abu Dhabi Investment Authority also plans to subscribe to 43.72 crore shares, potentially reducing Warburg's stake to 9.48%. The investments aim to strengthen the bank's position, with a market capitalization of Rs 47.51 crore.