U.S.-based private equity firm Blackstone is set to acquire a 9.99% stake in Kerala-headquartered Federal Bank for approximately ₹6,196.5 crore (around $705 million), marking its largest investment into an Indian bank in recent times. Deal Structure and Board Rights The transaction, executed through Blackstone’s Singapore affiliate, Asia II Topco XIII Pte Ltd., will involve the … Continue reading Blackstone to Invest ₹6,196 Crore for 9.99% Stake in Federal Bank