IDFC First Bank shares in focus as Warburg Pincus gets CCI's nod to acquire 10% stake; check details

US-based Warburg Pincus, through its arm Currant Sea Investments BV, is acquiring a stake in IDFC First Bank.

"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.

IDFC First Bank is engaged in the business of providing banking services like providing loans, credit cards, distributing mutual funds and insurance products and providing other financial solutions.

"CCI approves the proposed acquisition of up to 9.99% of the paid-up share capital of IDFC First Bank Ltd by Currant Sea Investments BV," the competition watchdog said.

In April this year, IDFC First Bank announced that it had approved a preferential issue of equity capital amounting to ₹4,876 crore to Currant Sea Investments BV and ₹2,624 crore to Platinum Invictus B 2025 RSC, an arm of Abu Dhabi Investment Authority, to fuel its next phase of growth.

IDFC First Bank Q4 FY25 Results

IDFC First Bank reported a 58% fall in net profit to ₹304 crore for the fourth quarter ended in March 2025 (Q4 FY25) due to a rise in provisions.

The private sector lender had earned a net profit of ₹724 crore in the same quarter a year ago.

The lender's total income increased to ₹11,308 crore during the quarter against ₹9,861 crore in the same quarter a year ago, IDFC First Bank said in a regulatory filing.

The interest income increased to ₹9,413 crore for the reporting quarter as against ₹8,219 crore in the same quarter a year ago.