Warburg Pincus seeks CCI nod to buy 10 pc stake in IDFC First Bank

Warburg Pincus is planning to acquire a 10% stake in IDFC First Bank. The private equity firm has sought approval from the Competition Commission of India. Currant Sea Investments BV, an arm of Warburg Pincus, will make the investment. Abu-Dhabi Investment Authority also plans to subscribe to preference shares in IDFC First Bank.