Warburg Pincus and ADIA to invest $877m in IDFC FIRST Bank.​

Warburg Pincus, a US-based global private equity firm, and Abu Dhabi Investment Authority, a UAE-based sovereign wealth fund, agreed to invest $877m in IDFC FIRST Bank, an India-based private sector bank. “We believe the Indian banking sector presents an exciting opportunity and is poised for long-term growth. At Warburg Pincus, we have a long track record of partnering with exceptional teams. We have known the IDFC First Bank team for over a decade dating back to their early days and have closely seen the build out of the bank. We are excited to re-invest behind the IDFC First Bank team to support them in the next phase of growth and sustainable ROE improvement," Vishal Mahadevia, Warburg Pincus Managing Director.