Apr 21, 2025

Lead investor Warburg Pincus on IDFC First Bank’s fundraise.

AZB & Partners acted for lead investor Warburg Pincus on IDFC First Bank’s fundraise of up to ₹7,500 crore from Currant Sea Investments BV, an affiliate of Warburg, and Platinum Invictus (a subsidiary of Abu Dhabi Investment Authority (ADIA)).

Our deal team comprised our Senior Partner Vaidhyanadhan Iyer, Partner Bhargavy Ramesh, Associates Manhar Chaudhary and Akanksha Khandelwal. They were supported on the due diligence by our Partners Nishanth Ravindran and Anusha Jegadeesh, Consultant Bindu Agrawal, Senior Associates Sana Nagar, Ambareen M. Mujawar, Lokesh Deshwal, Ankit Dutta, Riddhi Tulshian and Labdhi Doshi, and Associate Madhav Maheshwari; on the structuring aspects by our Senior Partner Gautam Ganjawala; on the CCI aspects by our Senior Partner Bharat V Budholia, Senior Associate Vayshnavi Ganesh and Associate Khushi Agarwal. Special thanks to our Co-Founder & Managing Partner Zia Mody for her guidance on the structure.

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