Blackstone affiliate buys 9.99% stake in India's Federal Bank
24/10/2025 04:51
Oct 24 (Reuters) - An affiliate of U.S. private equity major Blackstone BX.N has bought a 9.99% stake in India's Federal Bank FED.NS via preferential equity shares and warrants for 61.97 billion rupees ($705.05 million), the Indian lender said on Friday. ($1 = 87.8950 Indian rupees) (Reporting by Manvi Pant; Editing by Janane Venkatraman) ((Manvi.Pant@thomsonreuters.com; +918447554364;))
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