Industry Newsroom

Warburg Pincus to Invest USD26.5m in Indian Lending Platform IDFC First Bank

Warburg Pincus has agreed to invest an additional INR2b (approximately USD26.5m) in India-based lending platform IDFC First Bank as part of the bank’s INR20b (approximately USD265m) capital raise. Warburg affiliate Dayside Investment has agreed to purchase 86.24m shares at approximately 30 cents (USD) apiece in the bank via a preferential allotment, bringing its share from 9.92% to 9.93%. Read more