Scottish Zomato backer Baillie Gifford invests in listed private-sector lender

Scottish asset manager Baillie Gifford, backer of food delivery app Zomato, has invested in India’s listed private-sector lender.  Baillie Gifford has infused Rs 813.7 crore ($109 million) in IDFC First Bank through the lender’s qualified institutional placement. The QIP, which opened on March 30 and closed on April 6, was worth ......