IDFC First Bank Limited — QIP/Rights/Pref., 01-08-2025: Allotment of Securities

IDFC FIRST Bank's Board Committee has approved a preferential allotment of 81.27 crore Compulsorily Convertible Cumulative Preference Shares (CCPS). These CCPS are issued to Currant Sea Investments B.V. at an issue price of ₹60 each. This significant capital raise brings a fresh fund infusion of ₹4,876 crore into the bank. This move is crucial for bolstering the bank's capital base and supporting its future growth ambitions. A key event for investors to note.