On March 18, the board of Federal Bank will meet to discuss a proposal to raise up to ₹1,000 crore through the issuance of debentures, the bank said on Wednesday.
The stock closed 4.33 per cent higher at Rs 100 against the previous close of Rs 95.85 on BSE. It has been gaining for the last two trading sessions and has risen 9 per cent during the same period.
The stock opened a tad higher at Rs 88.80 against the previous close of Rs 88.45 on BSE. It has been gaining for the last four trading sessions and has risen 8.79 per cent during the same period.