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Federal Bank shares fall post merger talks
MUMBAI: Shares of Federal Bank closed 3% lower on Tuesday after reports that the lender was pursuing a merger with Jana Small Finance Bank, while Jana SFB fell 2% as sensex closed flat. Both banks later told stock exchanges that they evaluate business opportunities in the ordinary course, without confirming or denying whether merger discussions were underway.
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economictimes.indiatimes.com
Federal Bank falls 4% on report of Jana Small Finance Bank stake acquisition
Federal Bank shares fell nearly 4% after reports that the lender may acquire a controlling stake in Jana Small Finance Bank. The deal could involve buying Jana Holdings 16.9%…
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thehindubusinessline.com
Federal Bank says it evaluates various opportunities in the ordinary course for growth and expansion of its business
