Asia II Topco XIII Bets Big on Federal Bank with 27.3 Crore Warrants, Eyes 9.89% Stake

Mumbai, Feb 19, 2026: Asia II Topco XIII Pte. Ltd., a Singapore-based investment firm, has been allotted 27,29,74,043 warrants of The Federal Bank Limited on a preferential basis. The allotment, priced at ₹227 per warrant, gives the acquirer the right to convert each warrant into one fully paid-up equity share of Federal Bank within 18 months.

Post-allotment, the total diluted shareholding of Asia II Topco XIII in Federal Bank stands at 9.89%. The move was disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The warrants are part of a strategic investment to strengthen Federal Bank's capital base and provide flexibility for future expansion initiatives. Each warrant carries a premium of ₹225, over the face value of ₹2 per share. The allotment follows an agreement signed between the parties on October 24, 2025.

Federal Bank, headquartered in Aluva, Kerala, is listed on both the BSE (500469) and NSE (FEDERALBNK). The bank's equity share capital remains at ₹492.6 crore, consisting of 246,30,37,311 equity shares of ₹2 each, while the total diluted capital after allotment is ₹551.8 crore, including the new warrants.

This preferential allotment marks a significant step in attracting institutional investors to the bank and aligns with Federal Bank’s long-term growth strategy.