The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for IFC Financial Institution Growth Fund, LP
FEDERALBNK · price
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On the reaction day the stock moved 2.5 pts more than Nifty Midcap 150 and 0.5 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.
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International Finance Corporation (IFC) and its two funds — IFC Financial Institutions Growth Fund (FIGF) and IFC Emerging Asia Fund (EAF) — have sold a total of 47,461,170 equity shares (about 4.75 crore) of Federal Bank in the secondary market. The sales were carried out over a long stretch from November 25, 2024 to June 5, 2026, with the bulk happening in the November 2024 to May 2025 period and the rest in smaller tranches in late May and early June 2026. As a result, the combined holding of IFC, FIGF and EAF dropped from 7.32% to 5.28% of Federal Bank's paid-up share capital. Notably, IFC itself did not sell any shares — the selling was done entirely through FIGF and EAF (about 2.37 crore shares each). The seller is not part of the promoter group, and no encumbrance (pledge) details are involved.
This is a notable reduction by a large foreign institutional investor, which may create some supply pressure on Federal Bank's stock. However, IFC itself still holds 3.80% post-sale, and the slow, multi-month pace of selling suggests an orderly, planned exit rather than a sudden dump, limiting any sharp negative reaction.