Federal Bank denies reports of majority stake acquisition in Jana SFB as stock drops 4.4%
· livemint.com
Earlier on Tuesday, a CNBC-TV18 report citing sources said Federal Bank and Jana SFB are in ‘advanced stages’ of a deal for the private bank to acquire a majority stake in the small finance bank.
Federal Bank on Tuesday denied reports that it is in talks to acquire a majority stake in Jana Small Finance Bank, stating that while it routinely evaluates gro...