The Board of Federal Bank has approved Asia II Topco XIII Pte. Ltd. has been approved to issue 27,29,74,043 warrants at a price of ₹227 per warrant, which can total up to ₹6,196.51 crore. The board has also scheduled an extraordinary general meeting (EGM) on November 19, 2025, to seek shareholders’ approval for the preferential issue.
The warrants will be issued by way of preferential issue, with each warrant carrying the right to subscribe for one equity share. The bank has fixed November 12, 2025 as the record date to ascertain the shareholders entitled to vote electronically at the EGM.
The issuance of warrants is subject to the approval of shareholders and regulatory authorities. 25 per cent of the warrant issue price will be payable on subscription, the remaining 75 per cent will be payable on exercise of the option to subscribe for the equity shares.
The EGM to seek approval for the preferential issue and grant of special rights to investors will be held on November 19, 2025, through video conference.
Subject to shareholder approval, Asia II Topco XIII Pte. Ltd. will have the right to nominate one non-executive director, provided he holds at least 5 per cent of the paid-up share capital of the Bank.
The board meeting started at 08:09 am and ended at 08:55 am.