Warburg Pincus has divested a 1.3% stake in IDFC FIRST Bank through an open market transaction for Rs 790 crore. Dayside Investment, an affiliate of US-based private equity firm Warburg Pincus, offloaded more than 9.17 crore shares of IDFC FIRST Bank on the BSE. The shares were disposed of at an average price of Rs 86.10 apiece.
IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.