Bajaj Holdings & Investment BAJAJHLDNG acquired an additional 0.41% stake in Federal Bank (
FEDERALBNK for 129.6 million Indian rupees, according to a Wednesday filing.
With this acquisition, the company now holds a 0.17% stake in Federal Bank as on Aug. 2.
Fedbank Financial Services, also known as FedFina, a subsidiary of Federal Bank has filed a draft red herring prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India for its proposed initial public officer, according to local media reports on Thursday.
The IPO includes a fresh issue of equity shares of up to 7.50 billion rupees and an offer for sale of up to 70.3 million shares by promoter and selling shareholders.
FEDERALBNK for 129.6 million Indian rupees, according to a Wednesday filing.
With this acquisition, the company now holds a 0.17% stake in Federal Bank as on Aug. 2.
Fedbank Financial Services, also known as FedFina, a subsidiary of Federal Bank has filed a draft red herring prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India for its proposed initial public officer, according to local media reports on Thursday.
The IPO includes a fresh issue of equity shares of up to 7.50 billion rupees and an offer for sale of up to 70.3 million shares by promoter and selling shareholders.