Skip to main content

MoneyWorks4Me

Equitas Holdings sells additional 4% stake to Franklin Templeton

26 Apr 2016 Evaluate

Equitas Holdings has sold an additional 4 percent stake to Franklin Templeton Mutual Fund, as part of the exercise to pare its foreign shareholding to be able to set up a small finance bank. The company is one of the 10 entities to get an in-principle approval from the Reserve Bank India in September 2015 to set up small finance banks.

With this, the shareholding of Franklin Templeton Mutual Fund will go up to 7.87 percent (2.63 crore shares) in Equitas, from 3.78 percent earlier.

Equitas Holdings’ main business is microfinance. The company also offers other services such as housing finance, vehicle finance, loans against property and business loans to small and medium enterprises.

Peers
Company Name CMP
Bajaj Finance 1114.00
Shriram Finance 1000.00
Aditya Birla Capital 416.55
Tata Capital 356.00
Chola Invest & Fin. 1856.00
View more..