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Equitas Small Finance Bank files DRHP

Our Bureau Mumbai | Updated on December 16, 2019 Published on December 17, 2019

Equitas Small Finance Bank has filed its draft red herring prospectus with SEBI for listing on the bourses. The initial public offering comprises a fresh issue of ₹550 crore and an offer-for-sale of up to eight crore equity shares by the promoter Equitas Holdings (EHL).

The offer includes a reservation of up to ₹100 crore for subscription by eligible EHL shareholders and reservation of ₹5 crore for subscription by eligible employees. “Equitas Small Finance Bank proposes to utilise the net proceeds from the offer towards augmenting the bank’s Tier 1 capital base to meet its future capital requirements,” it said in a statement on Monday. Our Bureau

Published on December 17, 2019
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