'Blackstone fund infusion will give flexibility to consider acquisitions'
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
Federal Bank has secured a Rs 6,196.5 crore capital infusion from Blackstone through a preferential issue of warrants. This strategic move aims to bolster capital adequacy, support organic and inorganic expansion, and position the bank among India's top five private sector lenders. The investment provides flexibility for potential acquisitions and strengthens the bank's digital and national presence. What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
