Page 2 - Equitas Holdings

Equitas Holdings Q1 profit down 25% at Rs 52.5 cr, income up at Rs 761 cr

Total income of the company, however, rose to Rs 787.09 crore during the quarter under review from Rs 662.52 crore in the same period of 2019, it said in a BSE filing

NSE, BSE to exclude F&O contracts of Ujjivan Financial, Equitas Holdings

In separate circulars, the exchanges said futures and options (F&O) contracts will not be available for trading in the securities of these three companies with effect from August 28, 2020

80% of financial sector IPOs since four years trade below issue price

The fall, analysts say, has been on concerns that the financial industry has will be the worst hit among sectors, given the disruptions to the country's economic activity caused by Covid-19 outbreak.

Stock calls by Sameet Chavan of Angel Broking: Buy Equitas Holdings

We may see Nifty going back to 12,300 - 12,390 ahead of the budget and a positive outcome would enable it crossing this sturdy wall of 12,400 convincingly.

Equitas Small Bank to raise Rs 250 crore through private placement

Board of Directors of of Equitas Small Finace Bank (ESFBL/ Bank) had approved to issue of 4,74,58,239 equity shares of Rs 10 each at a price of Rs 52.68 per equity share

Nifty outlook and top trading ideas by CapitalVia: Buy HDFC, Equitas

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

Equitas appoints JM Financial, Edelweiss, and IIFL for IPO of SFB unit

The firm is targeting an issue size of Rs 1,500-2,000 crore and may file its offer document with markets regulator Securities and Exchange Board of India (Sebi) in a few weeks

Equitas Holdings stock tanks after Sebi rejects listing proposal for SFB

The shares ended the session nearly 13 per cent lower at Rs 102 as analysts slashed price targets for the stock, citing so-called "holding company (holdco) discount"

Equitas Holdings tanks 17% as Sebi rejects draft scheme for Small Fin Bank

The market regulator advised the company to re-submit the same after ensuring compliance with the provisions mentioned in the Sebi circular.

Equitas Holdings plans to go for IPO of small finance bank arm

The market regulator returned the company's draft scheme with an advise to re-submit the application after ensuring compliance with provisions mentioned in the Sebi circular

Why the worst may not be over yet for investors of Equitas Holding

Shareholders are vulnerable to deep 'Holding company' discount, risk of further stake dilution and possible moderation in return ratios

Equitas considering two routes to get its SFB listed by March 2020

RBI last week refused to extend the listing deadline for ESFB and barred it from opening new branches till further orders

Equitas dips 10% as RBI denies listing extension for its small finance bank

As per the rules of the RBI, small finance banks, having a capital base of over Rs 500 crore, have to list within three years from commencement of operations.

Equitas says considering new scheme of arrangement; seeks RBI's approval

This scheme of arrangement is subject to approval from the Sebi, RBI, NCLT, shareholders and the creditors

Equitas Holdings likely to take bonus route to list Small Finance Bank

With reverse merger not being an option as per Reserve Bank of India (RBI) norms, this may offer the best exit for shareholders of Equity Holdings

Equitas changes auditor term after exchange with proxy firm

SES report points out violation of company law

Equitas Holdings' Q3 net up 4% to Rs 45 cr

The net interest income grew by 48% over Q3 FY16

Equitas Holdings Q2 net up 16% at Rs 46 cr

Total income from operations rises 32% to Rs 348 cr

Equitas starts Small Finance Bank operations

The bank is expected to have a network of around 400 branches initially

Equitas' Q1 net rises 64% to Rs 61 cr

Equitas Holdings first quarter ended June 30, 2016 profit stood at Rs 61.17 crore as compared to Rs. 37.38 crore, an increase of around 64 per cent.Company's revenue was at Rs 348 crore as compared to Rs 239 crore, up by 46 per cent.Standalone profit stood at Rs 28.02 lakh as compared to Rs 82.08 lakh, a year ago. Revenue stood at Rs 2.23 crore as compared to Rs 2.40 crore, a year ago.Chennai-based Equitas Holdings has received the banking regulator's final approval to launch a Small Finance Bank (SFB). The new SFB is expectes to start operations by September or October.The final license was given to the company by RBI on Thursday late evening, said Equitas.Equitas will be the first bank after indepedence from the state and first private bank from Chennai.P N Vasudevan, managing director, Equitas Holdings Ltd said, "we are planning to launch the Bank by September or October, this year".He said, the SFB will be profitable from the first year onwards despite it will incur around Rs 100 .