MiraeAsset Mutual Fund Acquires Shares in Equitas Small Finance Bank
MiraeAsset Mutual Fund has increased its stake in Equitas Small Finance Bank Ltd. through an open market transaction completed on July 01, 2026. The acquisition reflects the continued interest of MiraeAsset in the financial institution.The purchase by MiraeAsset Mutual Fund resulted in an increase in its holding of Equitas Small Finance Bank Ltd. Following the transaction, the fund's ownership percentage stood at 7.80%, up from a previous stake of 7.48%.
The acquisition was carried out via the open market. The details of the holding before and after the purchase are as follows:
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Shares Holding | 87,629,390 | 89,022,343 |
| Percentage of Diluted Voting Capital | 7.48% | 7.80% |
The total equity share capital or voting capital of the company prior to the acquisition was reported at 1,141,572,977. Post-acquisition, the total diluted share/voting capital of Equitas Small Finance Bank Ltd. stood at 1,171,896,078.
The transaction details underscore that MiraeAsset Mutual Fund remains in a non-promoter capacity with respect to the target company.
EQUITASBNK Stock Price Movement
As of 10:39 AM, shares of Equitas Small Finance Bank Limited are shedding 0.62% in live trading, currently resting at ₹76.97 after the equity sees a traded volume of 669,016 shares today. The stock trades within an intraday range established between ₹76.90 and its day high of ₹78.62.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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