Announced Wed, 24 Jun · 12:40 IST
Board approves plan to raise up to Rs 1,750 cr via QIP and NCDs
Fund Raising View source PDF
EQUITASBNK · price
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AI summary
Equitas SFB board approved enabling resolutions to raise up to Rs 1,250 cr via QIP and Rs 500 cr via subordinated NCDs on private placement, subject to shareholder nod at AGM on Sep 9, 2026. MD and CEO Vasudevan PN re-appointed for 3 years from Jul 23, 2026. Independent Director Geeta Dutta Goel gets a second 3-year term. CFO N Sridharan retires Jun 30; Mukund Barsagade named new CFO from Jul 1. Taraka Prathipati appointed interim CRO for 6 months.
Likely market impact
Potential equity dilution from QIP; debt raise strengthens tier 2 capital. Leadership continuity maintained with key management transitions.