Federal Bank board to meet on March 18 to discuss fundraising proposal
The banks board will meet in Kochi to discuss the proposal to raise funds by way of issue of unsecured Basel III Tier-II Subordinate Bonds in the nature of Debentures, amounting up to 1,000 crore, Federal Bank said in a regulatory filing.
Federal Bank on Wednesday said its board will meet on March 18 to decide on a proposal to raise up to Rs 1,000 crore by issue of debentures.
The bank's board will meet in Kochi to discuss the proposal to raise funds by way of issue of unsecured Basel III Tier-II Subordinate Bonds in the nature of Debentures, amounting up to 1,000 crore, Federal Bank said in a regulatory filing.
Also Read: RCB ropes in Equitas Small Finance Bank as banking partner for 2023 season of T20
Shares of Federal Bank closed at Rs 126.60, down 0.98 per cent over the previous close on BSE.
Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.