IDFC First Bank Approves Fundraise Of Up To 75 Billion Rupees

April 17 (Reuters) - IDFC First Bank Ltd IDFB.NS:

• IDFC FIRST BANK - APPROVES FUNDRAISE OF UP TO 75 BILLION RUPEES

• IDFC FIRST BANK - INVESTMENT AGREEMENT BETWEEN CURRANT SEA INVESTMENTS B.V., BANK

• IDFC FIRST BANK - APPROVED ISSUANCE OF SECURITIES BY WAY OF PREFERENTIAL ALLOTMENT

• IDFC FIRST BANK - APPROVED PREFERENTIAL ISSUE WORTH 48.76 BILLION RUPEES TO WARBURG PINCUS LLC AFFILIATE

• IDFC FIRST BANK - PREFERENTIAL ISSUE OF 26.24 BILLION RUPEES TO ABU DHABI INVESTMENT AUTHORITY UNIT

• IDFC FIRST BANK - WARBUG PINCUS TO HOLD 9.48%, ADIA TO HOLD 5.10% OF BANK ON CONVERSION OF CCPS

• IDFC FIRST BANK - PROPOSED FUND RAISE WILL INCREASE BOOK VALUE PER SHARE BY 2.3%

• IDFC FIRST BANK - PROPOSES TO GROW THE OVERALL LOAN BOOK AT ABOUT 20% FOR NEXT FEW YEARS