IDFC First Bank: Whopping Rs 7500 cr fundraise announced; shares react

Bank , IDFC First Bank Fundraising: IDFC First Bank is set to issue Compulsorily Convertible Preference Shares (CCPS) to Currant Sea, and Platinum to aggregate fund raise of up to Rs 7500 cr. The Currant Sea Investments B.V. is an affiliate company of Warburg Pincus LLC, and Platinum Invictus B 2025 RSC Limited is a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA). Over the last six years, IDFC FIRST Bank has undergone a successful transformation from its legacy as an infrastructure-focused DFI to becoming a modern, technology-driven, pan-India, universal bank. In the process, it has made significant investments in distribution, technology, and talent to become a leading