financial year 2026

IDFC First Bank allots Rs 4,876 crore worth preference shares to Warburg Pincus affiliate

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IDFC First Bank allots Rs 4,876 crore worth preference shares to Warburg Pincus affiliate

IDFC First Bank’s board on Friday approved the preferential allotment of over 81.26 crore convertible cumulative preference shares (CCPS), valued at Rs 4,876 crore, on a private placement basis to Currant Sea Investments B.V.—an affiliate of private equity major Warburg Pincus. The decision was taken in a meeting held today. The bank had received in-principle … Read more

LIC Housing Finance shares in focus as board approves Rs 1.23 lakh crore borrowing plan for FY26

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LIC Housing Finance shares in focus as board approves Rs 1.23 lakh crore borrowing plan for FY26

LIC Housing Finance shares will be in focus on Thursday after the company’s board approved a borrowing plan of Rs 1.23 lakh crore for FY26 through loans, bond issuances, and other instruments. The board, based on the audit committee’s recommendation, approved a total borrowing budget of Rs 1,22,500 crore for the next financial year, the … Read more