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
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
Highdell Investment, owned by private equity firm Warburg Pincus, has sold partial stake in Kalyan Jewellers through open market transactions on Friday. According to bulk deals data available with the exchanges, Warburg Pincus has offloaded 6.4 crore shares or 6.22% stake in the company at a price of Rs 113 apiece. Through the stake sale, … Read more
NEW DELHI: Riding on the upbeat market sentiment, as many as five companies are set to come out with initial public offers this week to raise an estimated Rs 3,764 crore. The companies are expecting to benefit from an equity market which is flush with liquidity and has seen a sharp increase in new retail … Read more