CCI Approves Acquisition of IDFC First Bank by Currant Sea Investments
The Competition Commission of India has approved Currant Sea Investments B.V.'s acquisition of up to 9.99% of IDFC First Bank's paid-up share capital through the subscription of 81,26,94,722 compulsorily convertible cumulative preference shares. Currant Sea is a Netherlands-based investment holding company, while IDFC First Bank provides a range of banking services including loans, credit cards, and wealth management solutions.
Source: Original Link