Mumbai, Feb. 16 -- The board of Federal Bank has approved the preferential allotment of 27,29,74,043 warrants at a price of Rs 227 per warrant aggregating to Rs 6,196.51 crore to Asia II Topco XIII on private placement basis on receipt of 25% of the aggregate consideration i.e. Rs 1,549.12 crore.

Published by HT Digital Content Services with permission from Capital Market....