Warburg Pincus, through its affiliate Cloverdell Investment, was likely to sell a 1.3% stake in the private sector lender, and the floor price for the same has been set at Rs 85.7 a share.
As of September-end, Dayside Investment held 1.3% in the company. Cloverdell Investment, another affiliate of Warburg Pincus, also holds a 2.74% stake in IDFC First Bank.
Warburg Pincus, through its affiliate Cloverdell Investment, is likely to sell 1.3% stake in the private sector lender, and the floor price for the same has been set at Rs 85.7 a share. The floor price is at a discount of up to 5.2% to the current market price.