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RBI approves change in shareholding of Federal Bank subsidiary - Fedbank Financial Services

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announced that the vide letter dated 05 October 2018 has approved the acquisition of 26% equity stake of Fedbank (subsidiary of the Bank) by According agreements entered into in May 2018, True North can further acquire additional equity shares of Fedbank Financial Services, constituting upto 45% of the share capital in the Company, on such terms as stated in the Transaction Documents.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, October 08 2018. 12:35 IST