India's Fedbank Financial Services jumps on deal with South Indian Bank

Fedbank Financial Services

27/11/2024 09:40

** Shares of Fedbank Financial Services  FEDB.NS  jump 14%
to 108 rupees after confirming a news report about an alliance
with South Indian Bank  SIBK.NS ; SIBK up 1.3%
    ** Deal aims at exploring and maximizing business
opportunities together in the gold loan sector, Fedbank said 
    ** Stock on track to log best day on record since listing on
Nov. 30, 2023 
    ** FEDB eyes busiest trading session since Dec. 2023, with
over 8 mln shares traded 
    ** At current levels, FEDB and SIBK are down ~21% and 4.4%
YTD, respectively 

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))