Federal Bank’s NBFC sells 26% stake to True North
The investment by True North will help FedFina augment its capital base primarily to support its growing asset business and to grow its branch network
Mumbai: The board of Federal Bank Ltd has approved a 26% strategic investment by homegrown private equity player True North in its subsidiary, FedBank Financial Services Ltd (FedFina), the private sector lender said in a statement on Friday.
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