IDFC Bank investors reject resolution of Warburg affiliate

May 20, 2025

IDFC First Bank’s shareholders have rejected a special resolution to appoint a nominee director from Warburg Pincus due to concerns over the absence of a minimum shareholding threshold. Despite this, Warburg Pincus and ADIA are still set to infuse ₹7,500 crore into the bank through a preferential equity issue.

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