IDFC FIRST Bank announced on Saturday that Currant Sea Investments B.V. has received approval from the Reserve Bank of India (RBI) to invest up to 9.99% of the bank’s paid-up share capital.
In a regulatory filing with the NSE and BSE, the bank stated that this update follows its earlier disclosure regarding the proposed investment by Currant Sea Investments B.V. The RBI’s clearance enables Currant Sea to proceed with acquiring the stake, subject to other necessary approvals and compliance.
The bank highlighted that this investment aligns with its growth and capital-raising plans and welcomed the regulatory approval as a significant step forward.
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