Equitas Small Finance Bank Limited
Axis Mutual Fund bought 9,50,000 shares of Equitas Small Finance Bank Limited, raising its stake from 2.26% to 2.34%.
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.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.