Equitas Small Finance Bank Ltd.

BSE: 543243 | NSE: EQUITASBNK
Small Cap | Bank - Private
78.55
-0.48 (-0.61%)
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Equitas Small Finance Bank gets nod to raise Rs 1,250 crore via QIP

Date: 30-05-2025

Equitas Small Finance Bank has received approval for raising of funds by way of issuance of such number of equity shares or any other eligible securities and / or other securities convertible into equity shares including warrants, or otherwise (collectively Securities) for an aggregate amount not exceeding Rs 1,250 crore by way of Qualified Institutions Placement (QIP) and / or through any other permissible mode, in one or more tranches, in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and other applicable laws, as may be considered appropriate, subject to the approval of the Shareholders of the Bank and other regulatory / statutory approvals, as may be required. The Board of Directors of the Bank, at the meeting held on May 30, 2025, has inter-alia considered and approved the same. 

Equitas Small Finance Bank offers a range of banking products and services to customers with a focus on serving the financially unserved and underserved customer segments in India.