IDFC First Bank stock update

Warburg Pincus offloads 1.3% stake in IDFC First Bank for Rs 790 crore

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Warburg Pincus offloads 1.3% stake in IDFC First Bank for Rs 790 crore

US-based private equity firm Warburg Pincus sold its partial stake in IDFC First Bank through block deals on Thursday. Warburg Pincus, through its affiliate Dayside Investment, offloaded 9.17 crore shares or 1.3% in the private sector lender. The transaction was done at Rs 86.1 apiece, taking the deal value to Rs 790 crore. It is … Read more

Can IDFC First Bank make its mark in retail banking space?

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Can IDFC First Bank make its mark in retail banking space?

In December 2018, IDFC Bank merged with Capital First, an non-banking financial company, to form IDFC First Bank — a new bank with a retail DNA. Almost 3.5 years since the merger, the new lender has made a complete turnaround in operations on a pure retail-oriented theme with a focused strategic path. Here are some … Read more