Approval granted by RBI to Kotak Mahindra Bank Limited for acquiring aggregate holding of upto 9.99% of the paid up share capital or voting rights of the Bank

Creeping Acquisition Near ThresholdOwnership Changes View source PDF

FEDERALBNK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

RBI has granted approval to Kotak Mahindra Bank Limited to acquire an aggregate holding of up to 9.99% of Federal Bank's paid-up share capital or voting rights. The approval, received by Federal Bank on May 6, 2026, is subject to compliance with the Banking Regulation Act 1949, RBI's November 2025 directions on commercial banks' shareholding, FEMA regulations, SEBI regulations, and other applicable statutes. This is a disclosure under Regulation 30 of SEBI LODR Regulations. The filing does not indicate any existing holding by Kotak Mahindra Bank or whether this is a fresh acquisition plan.

Likely market impact

Kotak Mahindra Bank acquiring a near-10% stake signals a strategic interest in Federal Bank, and the 9.99% threshold specifically avoids triggering the mandatory open offer requirement under SEBI SAST regulations.