Mirae Asset Mutual Fund has acquired a significant stake of 5.75% in Equitas Small Finance Bank Ltd. This acquisition, involving 65,841,615 shares, represents 5.75% of the total voting capital. The transaction was completed via the open market route, with the holding post-acquisition reported as 5.61% on a diluted basis. The total equity share capital of the bank post-acquisition stands at ₹1144126917.
Shareholding Change at Equitas Small Finance Bank
Mirae Asset Mutual Fund has disclosed a substantial acquisition of shares in Equitas Small Finance Bank Ltd. The fund acquired 65,841,615 shares, which constitute 5.75% of the total voting rights of the target company. This transaction was executed through the open market.
Post-Acquisition Holdings
Following the acquisition, Mirae Asset Mutual Fund’s total holding in Equitas Small Finance Bank is reported at 5.75% of the total share capital. On a diluted basis, considering the potential conversion of convertible securities and warrants, the holding stands at 5.61%. The total equity share capital of the bank before the transaction was ₹1144126917, and it has been adjusted to ₹1174493245 post-acquisition.
The disclosure also details the previous holding of the acquirer before the transaction. Before the sale, the acquirer held 67,462,929 shares, representing 5.90% of the voting rights and 5.74% on a diluted basis. The acquisition involved a sale of -1621314 shares, resulting in the current reported holding.
Source: BSE
