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Federal Bank s subsidiary Fedfina re-files IPO papers with Sebi

Federal Bank s subsidiary Fedfina re-files IPO papers with Sebi
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

Fedbank Financial Services files DRHP with SEBI for IPO

Fedbank Financial Services files DRHP with SEBI for IPO
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India s Federal Bank Said to Pause $244 Million Unit Stake Sale

India s Federal Bank Said to Pause $244 Million Unit Stake Sale
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federal bank news: Federal Bank pauses $244 million unit stake sale: Report

Federal Bank has put on hold the sale of a stake in its subsidiary, Fedbank Financial Services, as it is unable to reach a consensus with potential investors over the unit s valuation. The bank had hoped to raise as much as INR20bn ($275m) from the sale. Federal Bank has also decided to focus on a fundraising of up to INR40bn instead. Fedbank Financial Services, which filed a draft IPO prospectus in February, may pursue a listing in the coming year, according to Federal Bank CEO Shyam Srinivasan.

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