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Equitas Holdings plunges 17% after company fails to meet Sebi guidelines for draft scheme

Updated : September 16, 2019 10:32 AM IST

Shares of Equitas Holdings (EHL) fell 17 percent on Monday after Securities and Exchange Board of India (Sebi) returned the draft scheme for listing its wholly-owned subsidiary Equitas Small Finance Bank (ESFB).
The company is advised to re-submit the same after ensuring compliance with the provisions mentioned in the Sebi circular.
Equitas Holdings plunges 17% after company fails to meet Sebi guidelines for draft scheme

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