Stories
Federal Bank-Jana SFB Deal Nears Completion, Announcement Expected Soon
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CNBC TV18•25-09-2026, 15:05
Federal Bank-Jana SFB Deal Nears Completion, Announcement Expected Soon
- •The acquisition deal between Federal Bank and Jana Small Finance Bank (SFB) is in its final stages and an announcement is anticipated shortly.
- •Federal Bank is poised to acquire a controlling stake in Jana SFB.
- •Jana SFB's promoter is expected to sell a 16.9% stake to Federal Bank.
- •The deal is likely to be finalized at a 15% to 20% premium over Jana SFB's current market price.
- •The promoter of Jana SFB aims for reclassification to the public category once their stake falls below 9.99%.
Key Questions Answered
Federal Bank is set to acquire a controlling stake in Jana SFB, with the promoter likely to sell their entire 16.9% stake to Federal Bank.
The acquisition deal may be executed at a 15% to 20% premium over Jana SFB's current market price.
The promoter intends to further monetise the stake and is seeking reclassification to the public category once their holding falls below 9.99%.
