Jana Small Finance Bank544118Banking
Federal Bank is looking to acquire a controlling stake in Jana Small Finance Bank
By ScoutQuest · · 1 min read
- Stake likely to be sold
- 17 percent
Heard on business television between 11:47:38 - 11:50:38 IST.
- Sources indicate Jana Holdings, the promoter, is likely to sell about 17% stake to Federal Bank.
- An announcement could happen very soon.
- The deal could trigger an open offer depending on the final structure.
- Live TV News Channel reported this story first.
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