Global private equity firm Warburg Pincus LLC is looking to sell $100 million worth of stake in IDFC First Bank Limited (BSE:539437) through block deals on December 7, 2023, according to news reports. Warburg Pincus, through its affiliate Cloverdell Investment Ltd, is likely to sell 1.3% stake in the private sector lender, and the floor price for the same has been set at INR 85.7 per share. The floor price is at a discount of up to 5.2% to the current market price.

On December 6, 2023, the lender?s stock ended 1.3% higher at INR 90.40 on the National Stock Exchange. As of September end, the global private equity firm held 4.04% stake in the lender through affiliates Cloverdell Investment and Dayside Investments Ltd.