Equitas Small Finance Bank Limited — Important, 10-12-2024: Updates

Equitas Small Finance Bank has received listing approval for 50,000 rated, listed, unsecured, subordinated, redeemable, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, totaling ₹500 crores, issued through a private placement. The debut listing will occur on BSE Limited. Notably, the first interest payment of ₹9,600 per debenture is scheduled for December 5, 2025, with subsequent payments on an annual basis. The debentures have been rated CARE AA- (Stable) by Care Ratings Limited and IND AA- (Stable) by India Ratings and Research Private Limited. No defaults or delays have been reported in servicing other debt securities. This capital raise enhances the bank’s financial flexibility and could support future growth initiatives, indicating a positive outlook for investor sentiment.