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Shares of Equitas Holdings Ltd and Ujjivan Financial Services Ltd hit record lows today after the RBI has asked both the companies to comply with the rules and list their small finance banks within three years of commencing operations.
Equitas said that it will consider steps to get Equitas Small Finance Bank listed at its board meeting next month, and woudl approach RBI for approval to merge with the company.
Equitas shares plunged as much as 35 per cent to Rs 83.90, a record low. It touched an intraday low of Rs 78
More than 17.5 mln shares traded hands, eight times their 30-day moving average
Ujjivan shares tanked as much as 22.90 per cent to Rs 169.55. It touched a new lifetime low of Rs 166.80 intraday.
Over 10 million shares traded, eight times their 30-day moving average of 10.1 million shares.
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