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IDFC First Bank raises Rs 2,000 cr via preferential issue: Warburg Pincus, Bajaj Life, HDFC Life are invested, says V Vaidyanathan
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IDFC First Bank raises Rs 2,000 cr via preferential issue: Warburg Pincus, Bajaj Life, HDFC Life are invested, says V Vaidyanathan
May 4, 2020 1:59 PM

IDFC First Bank has raised Rs 2,000 crore via a preferential issue. Speaking to CNBC-TV18, V Vaidyanathan, MD and CEO of IDFC First Bank revealed that Warburg Pincus, Bajaj Life and HDFC Life have invested in the preferential issue.

“We got some really high quality investors. IDFC brought in Rs 800 crore. Warbug Pincus knows the company for the last eight years and the fact that they supported it is really good news for us because they had a choice of investing or not. ICICI Prudential Life Insurance brought in Rs 600 crore, Rs 200 crore from Bajaj Life Insurance, and Rs 200 crore from HDFC Life Insurance. These are all pedigreed investors and their interest to us means a lot and we thank them,” he said.

Watch the video for more.

First Published:May 4, 2020 10:59 PM IST

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