1 / 7The Indian financial sector has witnessed deals worth over $7 billion in the ongoing financial year, so far, with the latest one being the investment by a Blackstone-affiliate in private sector lender Federal Bank. The deal follows a host of large deals that have taken place so far in the Indian financial sector, with marquee investors pumping in the big money. Here’s a look at all of these transactions that have taken place:
2 / 7Federal Bank | The lender approved the issue of convertible warrants to a Blackstone affiliate for ₹6,196 crore for up to 9.99% stake. Federal Bank has approved the issue of 27.29 crore warrants, each carrying a right to subscribe to one fully paid-up equity shares of the bank at a price of ₹227 per share, which is nearly the same price at which the stock closed on Thursday.
3 / 7RBL Bank | The Federal Bank deal comes just on the heels of the largest investment in India’s financial services sector, where Emirates-NBD announced over the weekend, that it would be investing ₹26,853 crore in RBL Bank for up to 60% stake, which will be inclusive of a mandatory open offer.
4 / 7Sammaan Capital | Earlier this month, Sammaan Capital announced that International Holding Company, based out of Abu Dhabi, will be investing $1 billion or ₹8,850 crore in the non-bank lender, through a preferential allotment of shares and warrants for up to 41% stake, which will also trigger a mandatory open offer for an additional 26%.
5 / 7Yes Bank | In May this year, SMBC or Sumitomo Mitsui Banking Corporation (SMBC) of Japan, announced that it will acquire up to 20% stake in Yes Bank, from a consortium of lenders, who had rescued the bank from a liquidity crisis back in 2020. It later signed another definitive agreement to acquire another 4.2% stake, which would take its shareholding in the private lender to 24.2% for a total investment of nearly ₹15,000 crore.
6 / 7IDFC First Bank | Earlier this year, IDFC First Bank had announced that it has raised ₹7,500 crore through the issue of Compulsorily Convertible Preference Shares (CCPS) to Currant Sea Investments B.V., a unit of Warburg Pincus, while it raised another ₹2,624 crore from the Abu Dhabi Investment Authority. Together, there was a stake dilution of 10% for this transaction.
7 / 7Shriram Finance | There are more deals in the pipeline as well. According to reports in the Economic Times, Mitsubishi UFJ Financial Group is in talks to be up to 20% stake in Nifty 50 constituent Shriram Finance for an investment of up to $2.6 billion. CNBC-TV18 has not independently verified the story.
