Private equity major Warburg Pincus LLC is likely to exit IDFC First Bank Limited (BSE:539437) by selling its entire 2.3% stake in the lender through block deals on March 28, 2024, according to news reports. Cloverdell Investment, an affiliate of Warburg Pincus, is likely to offload 159 million shares and has set a floor price of INR 75 apiece. It is looking at raking in INR 11,914.0 million through the sale, reports said.

On March 27, 2024, shares of IDFC First Bank closed 0.3% higher on the BSE at INR 77.81.