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The Board of Directors of Equitas Small Finance Bank Limited (ESFBL) at its meeting held on Friday approved issue of 4.74 crore equity shares of Rs. 10 each at a price of Rs. 52.68 per equity share aggregating Rs. 250 crore via private placement to funds including IIFL Special Opportunities Fund, High Conviction Fund Series and Focus Equity Strategy Fund - I Trivantage Capital.
IIFL Special Opportunities Fund series 2 to 7 have also invested in ESFBL’s private placement. These investors for a stake of 4.51 per cent in the post— issue paid-up share capital of the Bank, ESFBL’s parent Equitas Holdings Ltd said in a regulatory filing.
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