Federal Bank board approves fundraising plans via equity and debt instruments up to ₹6,000 crore

On the equity front, the bank aims to raise capital through various instruments such as a rights issue, preferential issue, further public offer (FPO), qualified institutional placement (QIP), global depository receipts (GDR), American depository receipts (ADR), foreign currency convertible bonds (FCCBs), or a combination of these. Shares of Federal Bank Ltd ended at ₹213.10, up by ₹4.65, or 2.23%, on the BSE.

Leave a Reply

Your email address will not be published. Required fields are marked *