Blackstone Pays $706 Million for 10% of India’s Federal Bank

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By Ranjani Raghavan

October 24, 2025 at 5:08 AM UTC

Updated on

October 24, 2025 at 6:08 AM UTC

Blackstone Inc. will become the largest shareholder in India’s Federal Bank Ltd. after injecting about $706 million into the lender.

Asia II Topco XIII Pte., an affiliate of the private equity giant, is paying 61.97 billion rupees for warrants that will result in a 9.99% stake in Federal Bank, the lender said in a statement Friday.