Private equity firm Warburg Pincus has suffered a setback in its attempt to nominate a representative to the board of IDFC First Bank, a month after agreeing to invest Rs 4,876 crore ($571 million at ...

IDFC First Bank on Monday said its shareholders have rejected the proposal to allow global private equity firm Warburg Pincus' arm to nominate a non-executive director on the bank board.

Earlier this month, Warburg Pincus, through its arm Currant Sea Investments, had sought Competition Commission of India (CCI) nod to acquire 9.99 per cent stake in IDFC First Bank by subscribing ...

In a rare instance of shareholder activism in the banking sector, shareholders of IDFC First Bank have rejected a proposal from the bank to allow one board seat to global private equity major Warburg ...

The IDFC First Bank informed the stock exchanges on Tuesday that it is confident of resolving any issues related to the appointment of a director by global private equity firm Warburg Pincus' arm ...

amounting to approximately ₹4,876 crore to Currant Sea Investments B.V., an affiliate company of global growth investor Warburg Pincus LLC and approximately ₹2,624 crore to Platinum Invictus B ...

Upon conversion, Warburg Pincus is set to acquire a 9.48 per cent stake in the bank, while ADIA will hold 5.10 per cent. The corporate governance advisory firm Institutional Investor Advisory ...

Shareholders of IDFC First Bank on Monday rejected a proposal to allow Currant Sea Investments BV, an affiliate of Warburg Pincus LLC, nominate a non-executive director on the board. The special ...

In a first instance of resistance, shareholders of IDFC FIRST Bank have rejected the proposal to allow one board seat to global private equity major Warburg Pincus, through its affiliate Currant ...

The firm has hired Yilong Du from Warburg Pincus, Stacey Shen and Min Lu from Kirkland & Ellis, Peter Qiu from Gunderson Dettmer, Boxin Wang from Ropes & Gray, and Tat Pan from Reed Smith.