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 Explain this filing

FEDERALBNK · price

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Price reactionminutes from the announcement price · days from the prior close

+1.3%Reaction day

₹292.40

prior close

₹296.15

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+1.1%+0.2% vs market

Private Sector Bank peers, median of 19sector-0.3%+1.7% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Midcap 150 and 1.7 pts more than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

+0.1

15m

-0.1

30m

+0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.3+1.1+0.2-0.3+1.7

Next day

+1.7+1.0+0.8-1.9+3.6

+0.2-0.1+0.3-3.7+3.9

-2.5-2.7+0.1-6.0+3.4

-4.3-2.0-2.3-5.6+1.3

-3.9-0.9-3.0-4.4+0.5

-3.0-1.6-1.5-5.6+2.6

15d

-1.4+0.1-1.5-2.8+1.3

+4.0-2.8+6.8-3.0+7.1

+13.4+1.6+11.8+4.0+9.5

+22.5+3.6+18.9+7.6+14.9

UpDownMarket · Nifty Midcap 150Sector · Private Sector Bank peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.