Integrated Core Strategies sold 1,51,69,881 shares of The Federal Bank Limited for ₹437.44 crore at ₹288.36 apiece in a bulk 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.
Investment vehicle of Millennium Management, a New York-based multi-strategy hedge fund.
