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 […]
Utkarsh Small Finance Bank plans to allot shares to a group of investors, including a fund house run by Madhusudan Kela, the Massachusetts Institute of Technology and HDFC Life, through a rights issue of Rs 949 crore, the lender said on Friday. The other investors include FLC Investco, Kotak Mahindra Life Insurance and ICICI Prudential […]
