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.
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.