Equitas SFB board approves up to Rs 500 crore NCD issue
Equitas Small Finance Bank said its board approved raising up to Rs 500 crore via a private placement of listed, unsecured, subordinated NCDs.
Equitas Small Finance Bank’s board has approved raising up to Rs 500 crore through a private placement of 50,000 listed, unsecured and subordinated NCDs with a face value of Rs 1 lakh each. Shares of Equitas Small Finance Bank rose in trading on Wednesday, 16 September, after the announcement.