Platinum Invictus B 2025 RSC Limited has acquired 43,71,85,666 equity shares of IDFC FIRST Bank Limited on October 27, 2025. The acquisition was made through the conversion of compulsorily convertible cumulative preference shares of the Bank held by the Investor. This acquisition results in Platinum Invictus holding 5.09% of the total share/voting capital.
Share Acquisition Details
Platinum Invictus B 2025 RSC Limited (“Investor”) has been allotted 43,71,85,666 equity shares of IDFC FIRST Bank Limited (“Bank”) on October 27, 2025. This acquisition stems from the conversion of 43,71,85,666 compulsorily convertible cumulative preference shares of the Bank previously held by the Investor.
Impact on Shareholding
Following the acquisition, Platinum Invictus B 2025 RSC Limited now holds 43,71,85,666 equity shares, which represents 5.09% of the total share/voting capital of IDFC FIRST Bank. This change in shareholding structure has been formally disclosed.
Background of the Transaction
The conversion and subsequent allotment of shares are in accordance with the terms outlined in the investment agreement dated April 17, 2025, between Platinum Invictus and IDFC FIRST Bank.
Source: BSE
