(Reuters) -An affiliate of U.S. private equity major Blackstone has bought a 9.99% stake in India’s Federal Bank via preferential equity shares and warrants for 61.97 billion rupees ($705.05 million), the Indian lender said on Friday.
($1 = 87.8950 Indian rupees)
(Reporting by Manvi Pant; Editing by Janane Venkatraman)
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