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Informist, Tuesday, Dec. 23, 2025

 

--CCI OKs Asia II Topco XIII buying certain warrants of Federal Bank 

--CCI: Asia Topco to hold 9.99% stake in Federal Bank on exercising warrants 

 

NEW DELHI – The Competition Commission of India has approved the acquisition of certain warrants of Federal Bank Ltd. by Asia II Topco XIII Pte. Ltd., which is backed by global asset manager Blackstone. Once the warrants are fully exercised, Asia Topco will hold 9.99% of paid-up share capital of Federal Bank, the regulator said Tuesday.

 

Federal Bank's board had in October approved the preferential issue of 272.97 million warrants worth INR 61.97 billion to Asia II Topco XIII. Federal Bank has approved the grant of a special right to Asia II Topco XIII to nominate one retiring non-executive director to the board, upon exercise of all the warrants. This is subject to the Blackstone-backed company holding at least 5% stake in the bank. The tenure of the warrants is 18 months from the date of their allotment. 

 

The bank's net profit for the September quarter fell nearly 10% from a year earlier to INR 9.55 billion. The net profit was higher than INR 8.62 billion for the June quarter. Shares of Federal Bank Tuesday ended 1.4% lower at INR 265.45 on the National Stock Exchange.  End

 

Reported by Shubham Rana

Edited by Vandana Hingorani

 

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