
IDFC First Bank shares were in the spotlight on Thursday after its board approved raising Rs.7,500 crore via preferential shares. Around Rs. 4,876 crore will go to Warburg Pincus affiliate Currant Sea Investments B.V., and ₹2,624 crore to Platinum Invictus B 2025, a subsidiary of Abu Dhabi Investment Authority (ADIA). The move aims to boost the bank’s equity capital.
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