InvestorQ : Why is Federal Bank investing in FFSL?
Rutuja Nigam made post

Why is Federal Bank investing in FFSL?

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4 weeks ago
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Federal Bank board approved investment of Rs.148 crore into subsidiary Fedbank Financial Services via rights issue. The objective was to infuse regulatory capital into FFSL. Federal Bank holds 74% in FFSL and will complete the rights subscription at Rs.70/share in 2 months.

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