← Top stories
Deal● Neutral for The Federal Bank
Exclusive | Federal Bank-Jana SFB deal in final stages, may be announced soon
The brief
- 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
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| FEDERALBNK | Fri, 25 Sept | −2.3% | −2.6% | 1.2× | −2.3% · 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
- Exclusive | Federal Bank-Jana SFB deal in final stages, may be announced soon