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Warburg Pincus divests 1.3% stake in IDFC FIRST Bank

08 Dec 2023 Evaluate

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.

Peers
Company Name CMP
HDFC Bank 699.50
ICICI Bank 1385.25
Axis Bank 1209.00
Kotak Mahindra Bank 458.00
Indusind Bank 836.35
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