Latest Updates Around The World
Shares of Federal Bank rose as much as 3.4% to a record high of Rs 235.20 on the BSE on Monday, extending Friday’s rally after Blackstone announced a $705 million investment for a 9.9% stake in the private lender. The move positions the US private equity giant as Federal Bank’s largest shareholder and underlines the […]
Kerala-based private lender Federal Bank on Friday approved the issuance of convertible warrants worth Rs 6,196 crore to Asia II Topco XIII, a subsidiary of private equity giant Blackstone, sending its shares up as much as 2.2% to Rs 232.25 on the BSE. The move positions Blackstone to acquire a nearly 10% stake in the […]
