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Warburg Pincus, ADIA to invest $877m in India's IDFC First Bank

Warburg Pincus, ADIA to invest $877m in India's IDFC First Bank

Photo by Pixabay

Private equity major Warburg Pincus and the Abu Dhabi Investment Authority (ADIA) will invest Rs 7,500 crore (around $877 million) in IDFC First Bank through a preferential allotment of equity shares, the Indian lender said in a statement on Wednesday.

Edited by: Padma Priya

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