Fed Bank to mop up Rs 2000cr via rights issue

Fed Bank to mop up Rs 2000cr via rights issue

BS Reporter / Kochi October 26, 2007

Federal Bank, one of the leading private sector banks of the country, will go for a rights issue beginning November 12 and ending December 22, 2007.

The 1:1 issue will be priced at Rs 250, including a premium of Rs 240 per share, and the target is to raise over Rs 2000 crore. The bank