Rekha Jhunjhunwala purchased 2.3 crore shares in this multibagger midcap bank before Blackstone’s entry

Ace investor Rekha Jhunjhunwala has significantly increased her stake in Federal Bank, acquiring an additional 2.3 crore shares in Q2 FY26. This move precedes Blackstone's substantial $705 million investment, positioning the US private equity firm as the bank's largest shareholder. Brokerages are bullish on Federal Bank following these developments.