India’s financial sector is witnessing a wave of foreign investments, signalling strong confidence in the country’s growth story. Dinesh Khara, former Chairman of SBI, explained, “It is nothing but a confidence in the India growth story, and also the better and the stronger balance sheets of the Indian financial system, which has attracted this kind of a foreign direct investment.”

Federal Bank recently approved the sale of a 9.99% stake to an affiliate of US private equity firm Blackstone for ₹6,196.5 crore. The transaction will be executed via preferential equity shares and warrants, with 25% of the warrant price payable at subscription and the remaining 75% at the time of equity allotment. Post-deal, Asia II Topco XIII Pte. Ltd. will hold 9.99% of the bank.

Private equity firms are a

See Full Page