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Deal● Neutral for The Federal Bank
Federal Bank–Jana Small Finance Bank in advanced talks for a share swap deal
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| FEDERALBNK | Fri, 25 Sept | −2.3% | −2.6% | 1.2× | −2.3% · Nifty +0.3% |
| JSFB | Fri, 25 Sept | +2.4% | +2.1% | 4.0× | +2.4% · Nifty +0.3% |
Federal Bank–Jana SFB deal talks
Federal Bank is in advanced talks with Jana Small Finance Bank, with Jana’s promoter likely to sell a 16.9% stake at a reported 15%–20% premium to the bank’s current market price.
Friday, 25 September
- Federal Bank–Jana Small Finance Bank in advanced talks for a share swap deal