Federal Bank Gets ₹6,197 Cr Blackstone Infusion; Shares Rise on Warrants Deal
Federal Bank has approved a major capital infusion, selling special shares (warrants) worth ₹6,196.51 crore to the massive US investment firm, Blackstone Group. Each warrant is priced at ₹227. If converted later, this deal grants Blackstone a significant 9.99% stake in the private bank, one of the largest foreign investments in an Indian bank this…