Federal Bank’s arm gets nod to allot 17.40% stake to True North
Federal Bank’s subsidiary company — Fedbank Financial Services (Fedfina) — has received an approval for allotment of 40,042,500 equity shares, with face value of Rs 10 each, corresponding to 17.40% of the share capital of Fedfina, to ‘True North Fund VI LLP’ on preferential basis for a total consideration of Rs 1,686,000,000. The Board of … Read more