IDFC FIRST Bank Raises Rs 4876 Crore via CCPS Allotment to Currant Sea Investments BV

Mumbai, August 1 2025 – IDFC FIRST Bank Limited has announced the successful allotment of compulsorily convertible cumulative preference shares (CCPS) worth Rs 4876 crore to Currant Sea Investments BV. This fund raise was completed through a preferential allotment on a private placement basis.

As per disclosures made under SEBI Listing Regulations dated April 17, May 18, June 4, and July 19, 2025, the bank's Board Committee approved the issue of 81 crore 26 lakh 94 thousand 722 CCPS with a face value of Rs 10 each, issued at a price of Rs 60 per CCPS.

The entire issue is fully paid-up, and in-principle approvals from both BSE and NSE were received on May 15, 2025. The board meeting for the allotment was held on August 1, 2025, from 12 noon to 12.50 pm.

This capital infusion will help strengthen the bank's financial position and support its long-term growth and lending capacity. The move is seen as a major boost in investor confidence towards the bank's performance and vision.