Federal Bank Plans ₹5,000–6,000 Crore Equity Raise; Blackstone Likely Front Runner

Federal Bank is planning a ₹5,000–6,000 crore preferential issue, its first major equity raise under new MD & CEO KVS Manian. The issue, priced at ₹210–215 per share, will likely see Blackstone acquire up to 9.99% stake and a board seat. If finalized, this would mark Blackstone’s first major investment in an Indian bank.