Ace investor Rekha Jhunjhunwala has significantly increased her stake in Federal Bank, acquiring an additional 2.3 crore shares in Q2 FY26. This move precedes Blackstone’s substantial $705 million investment, positioning the US private equity firm as the bank’s largest shareholder. Brokerages are bullish on Federal Bank following these developments.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj