Asia II Topco XIII Pte. Ltd. has acquired a substantial block of warrants from The Federal Bank Limited through a preferential allotment on February 16, 2026. The acquirer was allotted 27,29,74,043 warrants, representing a 9.89% stake in the bank’s total diluted share capital post-acquisition. Each warrant entitles the holder to subscribe to one equity share at a price of INR 227.
Preferential Allotment of Warrants Completed
Asia II Topco XIII Pte. Ltd. has formally notified the stock exchanges regarding the acquisition of warrants in The Federal Bank Limited. The acquisition was executed via a Preferential allotment on February 16, 2026.
Details of the Securities Acquired
The acquirer was allotted an aggregate of 27,29,74,043 warrants. Prior to this transaction, the acquirer held no shares, voting rights, or warrants in The Federal Bank Limited, resulting in a pre-acquisition holding of 0% across all categories.
Following the allotment, the holding of Asia II Topco XIII Pte. Ltd. stands as follows:
- Warrants/Convertible Securities: 27,29,74,043, corresponding to 9.89% of the total diluted share capital of The Federal Bank Limited.
- Total Equity/Voting Capital Post-Acquisition: 9.89%.
Salient Features of the Warrants
The 27,29,74,043 warrants were allotted at a price of INR 227 per warrant. Each warrant carries the right to subscribe to one fully paid-up equity share of The Federal Bank Limited (face value INR 2/- each), which includes a premium component of INR 225 per equity share.
Crucially, these warrants are exercisable into equity shares within a period of 18 (eighteen) months from the date of allotment, as detailed in the governing Investment Agreement dated October 24, 2025.
Impact on Share Capital Structure
The total diluted share/voting capital of The Federal Bank Limited, assuming full exercise of outstanding warrants and employee stock options as of February 17, 2026, is reported to be INR 551,80,11,470, consisting of 275,90,05,735 equity shares of face value INR 2/-.
The acquisition data confirms that the total diluted share capital before the acquisition stood at INR 492,60,74,622 (246,30,37,311 equity shares).
Source: BSE
