{"id":102747,"date":"2025-04-18T00:00:00","date_gmt":"2025-04-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/adia-picks-up-5-of-indias-idfc-first\/"},"modified":"2025-04-18T00:00:00","modified_gmt":"2025-04-18T00:00:00","slug":"adia-picks-up-5-of-indias-idfc-first","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/04\/18\/adia-picks-up-5-of-indias-idfc-first\/","title":{"rendered":"ADIA picks up 5% of India\u2019s IDFC First"},"content":{"rendered":"

ADIA<\/strong> unit backs India\u2019s IDFC First: <\/strong>Platinum Invictus \u2014 a wholly-owned subsidiary of Abu Dhabi Investment Authority (ADIA) \u2014 is shelling out roughly USD 310 mn (INR 26.2 bn) for a 5.10% stake in Mumbai-listed IDFC First Bank<\/a>, according to a joint press release (pdf)<\/a>. The capital injection \u2014 which will take place through the purchase of convertible shares \u2014 will help support the retail lender\u2019s next phase of growth. <\/p>\n

Not the only player in the game:<\/strong> New York-headquartered PE firm <\/span>Warburg Pincus<\/a> is chipping in north of USD 570 mn (INR 48.8 bn) through its affiliate Currant Sea Investments for a 9.8% stake in the lender.<\/span><\/p>\n

The rationale: <\/strong>The fresh funds \u2014 amounting to USD 877 mn \u2014 will lift IDFC\u2019s capital adequacy to 18.9% up from 16.1%, giving the bank more firepower to expand its retail footprint, invest in tech and distribution, and scale up. <\/p>\n

By the numbers:<\/strong> IDFC posted a 28% y-o-y increase in net income to USD 356 mn last year, according to its latest financial statements (pdf)<\/a>. Its operating income came in at USD 2.7 bn in FY 2024 up 31% y-o-y.<\/p>\n

About IDFC: <\/strong>Formed in 2018 through the merger of IDFC Bank and Capital First, the then-infrastructure-focused lender has grown into a retail bank with 971 branches in its home market. IDFC now offers a full range of services across retail, MSME, corporate banking.<\/p>\n

Market reax:<\/strong> The bank\u2019s shares closed down 0.5% at INR 62.98 yesterday.<\/p>\n","protected":false},"excerpt":{"rendered":"

The move will see IDFC issue compulsorily convertible preference shares to ADIA<\/p>\n","protected":false},"author":1,"featured_media":102748,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[368,159,7,1342,1107,60,839],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-102747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-abu-dhabi-investment-authority","tag-banking","tag-enterpriseam-uae","tag-investment","tag-invictus","tag-ma-watch","tag-uae-india-relations","wpautop","entry"],"acf":{"mongo_id":"b6b93251-1b80-4acc-b16a-b1fea8182a07","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/889.jpg","photo_position":"above","homepage_title":"","full_issue_title":"ADIA picks up 5% of India\u2019s IDFC First","related_issue":[102740],"teaser":"The move will see IDFC issue compulsorily convertible preference shares to ADIA","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.24488b12-1cf0-480a-b03d-61b149ec5f2e.mp3"},"yoast_head":"\nADIA picks up 5% of India\u2019s IDFC First - 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