Fair trade regulator CCI on Tuesday cleared private equity major Warburg Pincus’ proposal to acquire a 10 per cent stake in private sector lender IDFC First Bank.
US-based Warburg Pincus, through its arm Currant Sea Investments BV, is acquiring a stake in IDFC First Bank. 27th June, 2025 Sofitel, BKC, Mumbai Register Now “The proposed combination entails the acquisition of up to 9.99 per cent of the paid-up share capital (on a fully diluted basis) of IDFC First Bank Ltd by way of subscription to 81,26,94,722 compulsorily convertible cumulative preference shares (CCPS) by Currant Sea Investments BV,” the Competition Commission of India (CCI) said in a release.
