Corporate Valuations - News Federal Bank plans to sell 26% stake in its non-banking arm



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Federal Bank plans to sell 26% stake in its non-banking arm


Date: 14-April-2017

Federal Bank is planning to sell an up to 26% stake in its non-bank finance unit, Fedbank Financial Services, to private equity firms to raise Rs 400-500 crore. Profit before tax more than doubled to Rs 19 crore as of 31st March 2016 from Rs 8.53 crore the previous year.

 
 
 
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