Federal Bank's Board has approved the sale of a 9.99% stake to a Blackstone affiliate for Rs. 6,196.5 crore through preferential equity shares and warrants. This strategic transaction will see Asia II Topco XIII Pte. Ltd. acquire the stake, with the bank also granting Blackstone the right to nominate a director upon warrant exercise.
from Banking/Finance-Industry-Economic Times https://ift.tt/fW2ezrV
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