Fedbank Financial Services Limited

Nomura bought 2,56,95,139 shares of Fedbank Financial Services for ₹384.17 Cr at ₹149.51 apiece in an open market transaction, resulting in a 6.86% stake. This purchase crossed the 5% disclosure threshold.

A subsidiary of The Federal Bank Limited, Fedbank Financial Services provides gold loans, home loans, loans against property, and business loan services across India. The company specializes in secured lending products tailored to individual and business borrowers. Its distinctive strength lies in leveraging its parent bank's extensive banking infrastructure, branch network, and financial expertise to deliver efficient and accessible lending solutions to diverse customer segments.

Japan's largest investment bank. India FPI activity covers proprietary, market-making, client flows and mandates such as the EPF Malaysia India allocation.