Federal Bank to invest Rs 148 cr in subsidiary - Fedbank Financial Services
Federal Bank announced that the Board of Bank has approved an investment of Rs.148 crore in subsidiary - Fedbank Financial Services (FFSL) through rights issue. Objective of the Rights issue is to infuse regulatory capital in the firm. This is more than 5% of the post-issue Paid up Capital of FFSL
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First Published: May 18 2021 | 1:08 PM IST