Federal Bank informs stock exchanges of RBI approval to Kotak Mahindra Bank for 9.99% stake acquisition
Federal Bank · Banks
Key highlights
- RBI approved on May 6, 2026, Kotak Mahindra Bank Limited to acquire up to 9.99% of Federal Bank's paid-up share capital or voting rights
- Approval is subject to compliance with Banking Regulation Act, RBI Directions 2025, FEMA, SEBI regulations, and other applicable laws
- Communication sent to NSE and BSE as per SEBI (LODR) Regulations 2015, dated May 7, 2026
Why it's rated notable: The filing states no amount, and the approval concerns a third party's holding of up to 9.99% of the Bank's shares, so the level stays at medium with neutral direction.
Original filing
Approval Granted By Reserve Bank Of India (RBI) To Kotak Mahindra Bank Limited For Acquiring 'Aggregate Holding' Of Upto 9.99% Of The Paid Up Share Capital Or Voting Rights Of The Bank
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.