Blackstone affiliate buys 9.99% stake in India's Federal Bank-March 2024-www.financetom.com

Blackstone affiliate buys 9.99% stake in India's Federal Bank

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Blackstone affiliate buys 9.99% stake in India's Federal Bank

Oct 23, 2025 9:11 PM

Oct 24 (Reuters) - An affiliate of U.S. private equity

major Blackstone has bought a 9.99% stake in India's

Federal Bank via preferential equity shares

and warrants for 61.97 billion rupees ($705.05 million), the

Indian lender said on Friday.

($1 = 87.8950 Indian rupees)

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