• SENSEX
    NIFTY 50
Business

Equitas Holdings proposes new scheme to list Equitas Small Finance Bank

Updated : September 09, 2019 08:48 AM IST

EHL has proposed to capitalise free reserves of Equitas Small Finance Bank (ESFB) and issue shares of the subsidiary to its shareholders without cash consideration.
Under the RBI's regulatory requirements, ESFB was to be listed on capital markets on or before September 4, 2019 and have a net worth of Rs 500 crore.
RBI had turned down ESFB's request for extension of timeline for listing of shares of the banking entity.
Equitas Holdings proposes new scheme to list Equitas Small Finance Bank
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV