Equitas Small Finance Bank to raise Rs 1,000 crore

Equitas Small Finance Bank (SFB) has decided to raise up to Rs 1,000 crore through a QIP in order to fulfil the regulatory norms regarding minimum public shareholding.

The board of directors in the meeting has approved meeting the minimum public shareholding (MPS) requirements stipulated by Sebi by raising a sum not exceeding Rs 1,000 crore (including premium) through Qualified Institutions Placement (QIP).

Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.