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FEDERALBNK
The Federal Bank Limited · ₹322 −2.3% on 25 Sept · 1M −6.7% · 3M −0.6% · 3 stories in 60 days · 0 positive · 0 negative
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Exclusive | Federal Bank-Jana SFB deal in final stages, may be announced soon
- Jana SFB’s promoter is likely to sell a 16.9% stake to Federal Bank
- The deal may be priced at a 15% to 20% premium to Jana SFB’s current market price
- A potential stake purchase could affect Federal Bank’s capital allocation and Jana SFB shareholders
Gold muted as investors weigh chances of further Fed rate hikes
- Gold prices remained stable as investors weighed possible further Federal Reserve rate hikes
- Falling US Treasury prices pushed yields higher
- Gold-loan lenders, including The Federal Bank, are exposed to changes in bullion prices