ESAF Small Finance Bank Limited
Edelweiss Life Insurance decreased its stake in ESAF Small Finance Bank by selling 2,021,806 shares, reducing its holding from 1.95% to 1.55%. The value of the shares sold was ₹7.12 Cr at ₹35.20 apiece.
A small finance bank providing comprehensive micro, retail, and corporate banking services across India. ESAF Small Finance Bank delivers debit cards, third-party financial product distribution, treasury services, and permitted foreign exchange operations to underserved customer segments. Established in 1992, the bank combines traditional banking with para-banking activities to support diverse financial needs of individuals and businesses throughout the country.
Formerly Edelweiss Tokio Life, the Edelweiss group life insurer with annual premium income of around Rs 2,100 crore. Smaller and nimbler than peers, which lets it concentrate positions in mid and smallcap names where larger insurers cannot move the needle. Active equity participant through ULIP and traditional fund mandates.