Omega promo web banner
Omega promo Mobile banner

Federal Bank to sell equity shares of Yes Bank

09 May 2025 Evaluate

The Federal Bank has executed Letter agreement with Sumitomo Mitsui Banking Corporation (SMBC) and Yes Bank for sale of 16,62,73,472 equity shares of face value of Rs 2.00 each of Yes Bank held by the Bank, in favour of SMBC, at a consideration of Rs 21.50 per share subject to applicable law. The aforesaid sale is contingent upon terms set forth in the Letter Agreement and regulatory approvals required under applicable laws.

Federal Bank is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having many branches and ATMs spread across different States in India.

Federal Bank Share Price

205.30 -0.95 (-0.46%)
13-Jun-2025 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 1917.25
ICICI Bank 1416.20
Axis Bank 1205.95
Kotak Mahindra Bank 2110.80
Indusind Bank 816.55
View more..
Register Now to get our Free Newsletter & much more!
© 2025 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.
×
Please wait your portfolio is updating...