Equitas Holdings is currently trading at Rs. 120.15, up by 5.90 points or 5.16% from its previous closing of Rs. 114.25 on the BSE.
The scrip opened at Rs. 117.45 and has touched a high and low of Rs. 120.75 and Rs. 115.60 respectively. So far 74732 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 144.85 on 13-Oct-2021 and a 52 week low of Rs. 68.55 on 28-Jan-2021.
Last one week high and low of the scrip stood at Rs. 120.75 and Rs. 110.00 respectively. The current market cap of the company is Rs. 4101.48 crore.
The Institutions holding in the company stood at 64.85%, while Non-Institutions held 35.15%.
Equitas Holdings is all set to divest its entire stake in subsidiary Equitas Technologies (ETPL) as part of the requirement for the merger with Equitas Small Finance Bank (ESFB). Since ETPL is not engaged in financial services, the company is required to fully divest its investment in ETPL. Accordingly, the board of directors in its meeting held on January 7, 2022, approved sale of its entire shareholding in the company's subsidiary, ETPL.
As part of the RBI's licensing conditions, being the promoter of ESFB, the boards of Equitas Holdings and ESFB had in July 2021 approved the scheme of amalgamation between them. According to this scheme, all the assets held by Equitas Holdings, including its investments in ETPL, have to be transferred to and vested in ESFB.
Equitas Holdings is a Non-Deposit Taking Systemically Important - Core Investment Company - (CIS-ND-SI) registered with The Reserve Bank of India. The activity of the company is to making investment in subsidiary companies and providing loans to them. It has no other operations.
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