Blackstone to pick up to 9/99% stake in Federal Bank for Rs 6196 crore

Blackstone is investing Rs 6,196.51 crore for a 9.99% stake in Federal Bank via warrants. This strategic move, approved by the bank’s board, aims to bolster capital for retail, SME, and digital growth. Shareholder and regulatory approvals are pending for this significant private capital infusion in the Indian banking sector.