08:33 AM EDT, 10/24/2025 (MT Newswires) -- Blackstone (BX) will invest about $705 million in India's Federal Bank for a 9.9% stake through a Singapore-based affiliate, the Indian lender disclosed and Reuters reported on Friday.

The deal will make Blackstone the largest shareholder in the bank, Reuters reported.

The investment will be made through Asia II Topco XIII, Federal Bank said in a regulatory filing.

Federal Bank's shareholders will meet Nov. 19 to vote on terms of the investment, the filing showed.

Blackstone and Federal Bank did not immediately reply to MT Newswires' requests for comment.