New Delhi, Fair trade regulator CCI on Tuesday cleared US-based Blackstone's proposal to acquire 9.99 per cent stake through warrants in private sector lender Federal Bank. Upon full exercise of the warrants, the acquirer will hold a 9.99 per cent of the paid-up share capital of Federal Bank, on a fully diluted basis. Blackstone will have the right to nominate a director on the target's board, as long as it holds at least 5 per cent stake in the bank, according to the release. Subscribe to Newsletter to get latest insights & analysis in your inbox. Download the ETLegalWorld App and get the Realtime updates and Save your favourite articles.

Source: Economic Times December 23, 2025 19:12 UTC