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Fedfina aims to raise Rs 300 crore from PE investors

Fedfina aims to raise Rs 300 crore from PE investors

Wednesday, April 5, 2017, 7:15 AM

Fedfina, the non-banking financial arm of Federal Bank is looking to raise Rs 300 crore from private equity investors, and its management has appointed investment bank ICICI Securities to look for buyers. The company, that is a 100% subsidiary of the Federal Bank, will sell up to 25-30% stake to private equity investors, valuing it at about Rs 1,000 crore.
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