Equitas Small Finance Bank Limited — QIP/Rights/Pref., 31-07-2025: Allotment of Securities
31-07-2025 | 04:21 pm
31-07-2025 | 04:21 pm
Equitas Small Finance Bank has allotted 50,000 Lower Tier II Non-Convertible Debentures (NCDs) through a private placement. Each NCD has a face value of Rs. 1 lakh. This issuance successfully raises Rs. 500 crore for the bank, including a green shoe option. These 5-year debt bonds carry an attractive annual coupon rate of 9.6% and will be listed on BSE. This fund infusion is a strategic move to strengthen the bank's capital base, supporting its future growth initiatives and operational stability. Investors should view this as a positive capital-raising exercise.
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