India's Federal Bank gains as Investec hails Blackstone investment in bank
27/10/2025 05:40
** Federal Bank FED.NS climbs 3.3% to 234.75 rupees ** Investec says Blackstone's "strategic" infusion of $705 mln for 10% stake in bank, backended towards FY27, alleviates equity dilution concerns at a time of below-trend loan growth ** Adds appointment of Blackstone representative on bank's board will bring global expertise, stronger investor confidence, support bank's long-term performance ** Stock rated "buy" on avg; median PT is 245 rupees, per data compiled by LSEG ** YTD, FED up 17.5% (Reporting by Kashish Tandon in Bengaluru) ((Kashish.tandon@thomsonreuters.com))
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