The Board of Directors of Federal Bank is scheduled to meet on October 24, 2025, to consider and evaluate a proposal for raising funds. This may involve options such as rights issues, preferential allotments, or qualified institutional placements. The decision will depend on market conditions and regulatory approvals.
Fundraising Proposal Under Consideration
Federal Bank’s Board of Directors will convene on October 24, 2025, to discuss and assess a proposal for raising funds. The announcement specifies that the board will be evaluating several options for capital infusion.
Potential Fundraising Methods
The board will explore various permissible methods to raise capital, including but not limited to:
- Rights Issue
- Preferential Allotment
- Qualified Institutions Placement (QIP)
The final method chosen will be subject to applicable laws and required regulatory approvals.
Next Steps and Considerations
The proposal includes the potential issuance of equity shares, convertible instruments (including warrants), or other eligible securities. Any decision made will be aligned with applicable legal frameworks and contingent upon obtaining necessary regulatory and statutory approvals.
Source: BSE
