The Federal Bank Limited
Edelweiss Mutual Fund increased its stake in The Federal Bank Limited from 1.24% to 1.43%, acquiring 4,520,619 additional shares. The approximate value of the acquired shares is ₹161.85 crore, based on the closing price of ₹357.75 per share on August 24, 2026.
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.
AMC subsidiary of Edelweiss Financial Services. Manages over Rs 1.5 lakh crore across equity, debt, hybrid and alternative strategies. CEO Radhika Gupta is the most prominent woman leader in Indian asset management and has built a strong direct investor franchise through social media and investor education. Known for multi-asset and international fund-of-fund offerings.