Equitas Small Finance Bank Limited
Mirae Asset Mutual Fund increased its stake in Equitas Small Finance Bank Limited from 7.61% to 9.40%, acquiring 2,04,01,553 shares during the quarter. Prior disclosures in the quarter accounted for 13,92,953 shares of this change.
A small finance bank providing comprehensive financial services across microfinance, vehicle finance, housing finance, and SME lending to underserved customers throughout India. Established through the merger of multiple subsidiaries under Equitas Holding Ltd, which began operations in the microfinance sector in 2007 and subsequently diversified into housing and vehicle finance. The bank received its license in September 2016 and operates as a regulated financial institution serving India's retail and small business segments.
Indian arm of South Korea's Mirae Asset Global Investments, one of Asia's largest asset managers. Manages over Rs 2.5 lakh crore in India across equity and hybrid funds. CIO Neelesh Surana has built a reputation for rigorous bottom-up stock selection with a long-term quality growth bias. Mirae Asset Emerging Bluechip Fund built a cult following before being closed to fresh investments due to size.