Mirae Asset Mutual Fund Increases Stake in Equitas Small Finance Bank Through Open Market Purchase
Mirae Asset Mutual Fund has increased its stake in Equitas Small Finance Bank Ltd after executing an open market purchase of shares on June 04, 2026. The acquisition brings the firm's total holding to 5.756% of the bank's voting capital.The transaction details reflect a significant step by the mutual fund into the banking sector. Previously, Mirae Asset Mutual Fund held a stake of 4.905% in Equitas Small Finance Bank Ltd prior to the acquisition. The company increased its holding by purchasing an additional 9,718,905 shares.
The purchase was conducted through the open market. Following this transaction, Mirae Asset Mutual Fund’s total holding stood at 65,707,640 shares, representing a stake of 5.756% of the target company’s diluted share/voting capital.
Key figures regarding the acquisition and holdings are summarized in the table below:
| Metric | Prior to Acquisition (Mirae Asset) | Transaction Details | After Acquisition (Mirae Asset) |
|---|---|---|---|
| Total Shares Held | 55,988,735 | Acquired: 9,718,905 shares | 65,707,640 shares |
| Stake Percentage | 4.905% | Acquisition Type: Open Market | 5.756% |
The equity share capital and total voting capital of Equitas Small Finance Bank Ltd were reported as 1,141,572,977 before the acquisition, and this figure remained unchanged after the transaction was completed.
EQUITASBNK Stock Price Movement
On Friday, shares of Equitas Small Finance Bank Limited edged higher, concluding the trading session at ₹73.95 after gaining 1.94%. The stock demonstrated robust performance throughout the day, with its closing price registering a strong run near the company's 52-week high of ₹74.6.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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