Fedbank Financial Services Limited
Fedbank Financial Services Limited a subsidiary of The Fedral Bank Limited, provides Gold Loans, Home Loans, Loan Against Property (LAP), and Business Loan Services.
What Fedbank files
- Investor Meet146
- Others105
- Board Meeting13
- Updates13
- QIP/Rights/Pref.10
- PPTs9
The company's AUM reached ₹20,153 Cr, with ₹2,226.61 Cr turnover and ₹2,926.10 Cr net worth. Expanding to 757 branches, it focuses on Gold (51%) and Mortgaged (48%) loans, phasing down unsecured business loans. Growth led to increased energy consumption, alongside strong employee welfare and community efforts.
Fedbank Financial Services saw a major shareholder change: True North Fund VI LLP sold its entire 6.86% stake (2.57 Cr shares) to Nomura India Equity Fund via a block deal. This impacts the institutional investor base.
Fedbank Financial Services confirmed almost all shares are dematerialized, with only 5 physical shares. This means new requirements for physical share transfers and announcements are not applicable, simplifying regulatory processes.
Fedbank Financial Services (FEDFINA) had its request to waive a fine rejected. The company paid Rs. 11,800 for a one-day delay in submitting a record date notice.
Fedbank Financial Services has approved documents for a private placement of secured Non-Convertible Debentures (NCDs) up to Rs. 200 Cr. This is part of its larger Rs. 2500 Cr capital raising plan. The NCDs carry a 36-month tenure, face value of Rs. 1 lakh each.