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.

Industry Overview in India

The banking sector in India has been on an upward trajectory over the past few years, driven by a combination of rapid economic growth and increasing financial inclusivity. As one of the fastest-growing major economies, India has s