IDFC First Bank shares slip over 4% after Rs 7,500 crore fundraise approval

IDFC First Bank shares fell 4.1% after it approved raising Rs 7,500 crore via preferential issue to Warburg Pincus and ADIA affiliates. Despite microfinance headwinds in FY25, the bank highlighted strong long-term growth, improved metrics, and a turnaround in profitability. Analysts maintain a 'Hold' rating with a 4% upside potential, as the stock trades near key technical levels.