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PE major invests ₹6,200 cr for 9.99% stake in Indian private‐bank lender
Blackstone affiliate will invest ₹6,196 cr to acquire 9.
An affiliate of Blackstone has entered a deal to acquire a 9.99% stake in Federal Bank via a ₹6,196.5-crore (≈US$705 m) preferential share and warrant issue. The board approved the transaction and also granted Blackstone the right to nominate a non-executive director once the warrants get converted. Federal Bank’s shares rose on the announcement. The move reflects rising foreign investment interest in India’s private-banking sector amid consolidation and growth expectations. Regulatory and shareholder approvals remain pending.