Societe Generale bought 33,98,195 shares of The Federal Bank Limited for ₹93.79 crore at ₹276.00 apiece in a block deal.
A private sector bank incorporated in 1931, Federal Bank provides comprehensive retail and corporate banking services to customers across India. The bank offers para banking activities including debit card services, third-party product distribution, treasury operations, and foreign exchange business. Headquartered in Kerala, it maintains a significant presence in the financial services sector and serves both individual and institutional clients through its extensive branch network and digital platforms.
French global investment bank with around EUR 1.6 trillion in assets. India FPI activity covers proprietary, market-making and client flows in listed Indian equities.
