Equitas SFB zooms after RBI approves DSP Investment Managers#39; bid to acquire 10% stake – NonSell.com

Equitas SFB zooms after RBI approves DSP Investment Managers#39; bid to acquire 10% stake

equitas sfb zooms after rbi approves dsp investment managers39 bid to acquire 10 stake

Sumary of Equitas SFB zooms after RBI approves DSP Investment Managers#39; bid to acquire 10% stake:

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  • The Bank has received an intimation from RBI on November 16, 2022, that it has granted its approval to Ms DSP Investment Managers Private Ltd (DSPIM) to acquire up to 9. 99 percent of the paid-up equity capital of the Bank through the schemes of DSP Mutual Fund (DSPMF), it said in an exchange filing.
  • Shares of Equitas Small Finance Bank zoomed after the company said that the Reserve Bank of India (RBI) has approved DSP Investment Managers Private Ltd (DSPIM) bid to acquire up to a 9. 99 percent stake in the lender.
  • While financial performance would continue to enhance, we expect RoA to come 1. 9 percent by FY24 though likely management change poses execution risk, said the broker.

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