Equitas Small Finance Bank Limited
Edelweiss Mutual Fund increased its stake in Equitas Small Finance Bank Limited, buying 1,401,727 shares to reach a total of 17,158,553 shares, raising its stake from 1.38% to 1.50%. The value of the shares bought was approximately ₹10.51 Cr at a share price of ₹75.00.
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.
AMC subsidiary of Edelweiss Financial Services. Manages over Rs 1.5 lakh crore across equity, debt, hybrid and alternative strategies. CEO Radhika Gupta is the most prominent woman leader in Indian asset management and has built a strong direct investor franchise through social media and investor education. Known for multi-asset and international fund-of-fund offerings.