IDFC First to raise Rs 7,500 cr in equity capital
Private sector lender IDFC First Bank has announced plans to raise ₹7,500 crore in fresh equity capital from Compulsorily Convertible Preference Shares (CCPS), issued at ₹60 apiece to existing marquee investors Warburg Pincus and the Abu Dhabi Investment Authority (ADIA). The lender told stock exchanges on Thursday that ₹4,876 crore worth of CCPS will be…