Federal Bank India gets Boost as Blackstone Affiliate acquires 9.99% Stake
On 24 October 2025, the private-equity giant Blackstone Inc. announced it would acquire a 9.99 % stake in India’s mid-sized lender Federal Bank Ltd., via its affiliate Asia II Topco XIII. The deal, valued at about ₹6,196 crore, marks a major vote of confidence in the Indian banking sector. For Federal Bank, the agreement opens…