{"id":84629,"date":"2025-10-27T00:00:00","date_gmt":"2025-10-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/blackstone-to-acquire-9-99-stake-in-indian-lender-federal-bank\/"},"modified":"2025-10-27T00:00:00","modified_gmt":"2025-10-27T00:00:00","slug":"blackstone-to-acquire-9-99-stake-in-indian-lender-federal-bank","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2025\/10\/27\/blackstone-to-acquire-9-99-stake-in-indian-lender-federal-bank\/","title":{"rendered":"Blackstone to acquire 9.99% stake in Indian lender Federal Bank"},"content":{"rendered":"

New<\/strong> York-based asset manager Blackstone will acquire a 9.9% stake in Indian private lender <\/strong>Federal Bank<\/a><\/strong> by investing INR 61.9 bn (USD 705.05 mn)<\/strong>, Reuters<\/a> reports. The investment, through its affiliate Asia II Topco XIII, will be made via a preferential issue of 272.97 mn warrants, each convertible into one equity share at INR 227 (USD 2.6) per share. Upon conversion, Blackstone will hold the right to nominate one non-executive director, subject to holding at least 5% of the bank\u2019s paid-up capital and regulatory approvals.<\/p>\n

Shareholder approvals:<\/strong> The Kochi-based lender has called for an extraordinary general meeting on 19 November. Federal Bank has no promoter and all its shares are held publicly.<\/p>\n

Background: <\/strong>Federal Bank has over 1.5k branches across India. As of June, the lender holds approximately 1.26% of the market share in bank advances and 1.01% in bank deposits countrywide. It handles about 20% of India's total personal inward remittances. (Times of India<\/a>)<\/p>\n

Meanwhile, foreign capital is rewriting the Indian banking playbook in 2025<\/strong>, as M&A deals surged 127% y-o-y with 8 bn worth of investments between January-September, Business Standard<\/a> reports. Emirates NBD\u2019s USD 3 bn acquisition of a 60% stake in RBL Bank<\/a> is the largest-ever foreign takeover of an Indian lender. Japan-based SMBC made a USD 1.6 bn purchase of 24% in Yes Bank<\/a>, while Abu Dhabi\u2019s IHC invested nearly USD 1 bn for 43.5% in Sammaan Capital.<\/a> <\/p>\n

The surge of global investment marks one of the most active years for cross-border banking deals in recent Indian history. <\/strong>Private equity firms Warburg Pincus and Abu Dhabi Investment Authority also jointly infused USD 877 mn into IDFC FIRST Bank<\/a>, while Bain Capital bought 18% of Manappuram Finance<\/a> for USD 508 mn, the business daily added.<\/p>\n","protected":false},"excerpt":{"rendered":"

Federal Bank is a private sector lender, headquartered in Kerala, with over 1.5k branches across India.<\/p>\n","protected":false},"author":1,"featured_media":84630,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2433],"tags":[2506,2493,2402,2517,2432],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-abu-dhabi-investment-authority","tag-emirates-nbd","tag-enterpriseam-india","tag-ma-investment","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"eaeac082-aa34-4d40-86a9-a1241c7c82e9","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/1920.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Federal Bank secures USD 705 mn investment from Blackstone","related_issue":[84619],"teaser":"Federal Bank is a private sector lender, headquartered in Kerala, with over 1.5k branches across India.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.23b61b0f-5aee-41a6-91b5-3593b9b81315.mp3"},"yoast_head":"\nBlackstone to acquire 9.99% stake in Indian lender Federal Bank - MENA India Corridor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/10\/27\/blackstone-to-acquire-9-99-stake-in-indian-lender-federal-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackstone to acquire 9.99% stake in Indian lender Federal Bank\" \/>\n<meta property=\"og:description\" content=\"Federal Bank is a private sector lender, 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