Board of Federal Bank approval raising of capital up to Rs 2500 crore

At meeting held on 28 April 2017

Federal Bank announced that the Board of Directors of the Company at its meeting held on 28 April 2017 has accorded its approval for raising of equity capital by the Bank up to an aggregate amount of Rs 2500 crore including premium if any, through QIP, rights issue, private placement, preferential issue, public issue, follow in public issue, GDR, ADR or any other combination thereof subject to approval of shareholders and statutory approvals.

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