RBI Approves Mirae Asset Mutual Fund's Acquisition of Shares in Equitas Small Finance Bank
Equitas Small Finance Bank Ltd announced that it received confirmation on June 01, 2026, regarding the approval granted by the Reserve Bank of India (RBI). The approval permits M/s. Mirae Asset Mutual Fund to acquire a specified stake in the bank.The RBI approval allows Mirae Asset Mutual Fund to acquire an aggregate holding of up to 9.50% of the paid-up share capital or voting rights in Equitas Small Finance Bank Ltd.
The approval received by the bank is subject to compliance with the relevant provisions of the Banking Regulation Act, 1949, and the Reserve Bank of India's Commercial Banks-Acquisition and Holding of Shares or Voting Rights Directions, 2025. The approval is valid for a period of one year from the date of its sanction.
EQUITASBNK Stock Price Movement
Equitas Small Finance Bank Limited's shares dropped today, shedding 2.34% to close at ₹69.41. The equity saw significant activity, trading a volume of 1.61 million shares during the session.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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