Federal Bank has clarified a news item regarding a potential preferential issue of 9.99% stake. As of October 21, 2025, the board has not made any decisions regarding fund-raising options, which were discussed at an October 18, 2025 meeting. The bank will disclose further information following the board’s meeting on October 24, 2025. All material information has already been disclosed.
Response to Media Reports
Federal Bank has addressed a news item concerning a possible preferential issue for a 9.99% stake. The clarification was issued in response to an inquiry regarding the news item published on October 20, 2025.
Board Discussions on Fundraising
The bank’s board of directors is scheduled to meet on October 24, 2025, to evaluate different fundraising options. As of October 21, 2025, no decisions have been finalized. The bank assures that any necessary disclosures will be made after the board meeting. A stock exchange disclosure was made on October 18, 2025, regarding the upcoming board meeting.
No Undisclosed Information
Federal Bank confirms that all information requiring disclosure has already been shared with the stock exchanges. There are no regulatory or legal proceedings related to the mentioned news article.
Source: BSE
