Platinum Invictus B 2025 RSC Limited is set to invest ₹2,624 crore in IDFC First Bank, acquiring approximately 5.09% of its post-issue paid-up share capital, following clearance from the Reserve Bank of India.
Target Information
IDFC First Bank has received approval from the Reserve Bank of India (RBI) for Platinum Invictus B 2025 RSC Limited to invest up to 9.99% of its paid-up share capital, translating to roughly ₹2,624 crore, or about 5.09% of the post-issue paid-up share capital. This funding is part of a preferential issue which had already gained the consent of IDFC First Bank’s shareholders on May 17, 2025.
The approval from the RBI marks a significant milestone in IDFC First Bank's planned capital raising initiative, aimed at bolstering its financial strength and supporting future growth. The transaction structure ensures that Platinum Invictus B 2025 RSC Limited will possess 5.09% of the paid-up share capital after the designated allotment.
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Platinum Invictus B 2025 RSC Limited
invested in
IDFC First Bank
in 2025
in a Other Corporate deal
Disclosed details
Transaction Size: $317M