Equitas SFB explores merger with non-bank lender to adhere to RBI promoter holding cap

The bank’s initial public offer (IPO), which will be open for subscription on October 20, would help it to reduce promoter holding to about 82% from 95%. As per the licensing agreement with RBI, the bank needs to pare it further to 40% by September 2021.

 
– Stocks-Markets-Economic Times

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