Federal Bank rises on acquiring additional stake in AFLIC
Federal Bank is currently trading at Rs. 238.10, up by 2.25 points or 0.95% from its previous closing of Rs. 235.85 on the BSE.
The scrip opened at Rs. 236.00 and has touched a high and low of Rs. 238.10 and Rs. 233.35 respectively. So far 124797 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 239.05 on 12-Nov-2025 and a 52 week low of Rs. 172.95 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 239.05 and Rs. 232.50 respectively. The current market cap of the company is Rs. 58355.46 crore.
The Institutions and Non-Institutions held 75.25% and 24.75% respectively stake in the company.
Federal Bank has acquired additional 3,20,00,000 (4%) equity shares of Ageas Federal Life Insurance Company (AFLIC) from Ageas Insurance International NV (Ageas) for a consideration of Rs 30.45 per share. Total consideration paid was Rs 97.44 crore. Pursuant to this acquisition, the bank now holds 30% shareholding in AFLIC, on a fully diluted basis.
Federal Bank is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having many branches and ATMs spread across different States in India.
