24 Oct 2025 | 3 Mins Read
Federal Bank approves Blackstone deal, stock rises 2%
Flipitmoney
Federal Bank jumps as much as 2.2% to Rs 232.25 on the BSE. Federal Bank approved issuance of convertible warrants worth Rs 6,196 crore to Blackstone affiliate Asia II Topco XIII. Blackstone to acquire near 10% stake, subject to shareholder approval. The deal positions Blackstone to nominate one non-executive director to Federal Bank's board.