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Joined: Feb 2001
Posts: 381,904
Launch Director
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Launch Director
Joined: Feb 2001
Posts: 381,904 |
Blackstone is set to acquire nearly 10% stake in Federal Bank for Rs 6,196.5 crore, pending shareholder and regulatory approvals. This significant deal highlights a trend of Indian lenders attracting substantial private capital, fueling debate on the RBI's stance towards foreign strategic ownership in the banking sector. Source: Deal done: Blackstone to take 10% stake in Federal Bank; to acquire at Rs 6.2k cr
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