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Equitas Holdings Ltd.

BSE: 539844 Sector: Financials
NSE: EQUITAS ISIN Code: INE988K01017
BSE LIVE 15:40 | 18 Aug 158.55 -2.15
(-1.34%)
OPEN

159.35

HIGH

159.65

LOW

156.35

NSE 15:58 | 18 Aug 158.80 -1.70
(-1.06%)
OPEN

159.80

HIGH

160.00

LOW

156.05

OPEN 159.35
PREVIOUS CLOSE 160.70
VOLUME 144763
52-Week high 190.00
52-Week low 138.55
P/E 990.94
Mkt Cap.(Rs cr) 5,372
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 159.35
CLOSE 160.70
VOLUME 144763
52-Week high 190.00
52-Week low 138.55
P/E 990.94
Mkt Cap.(Rs cr) 5,372
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Equitas Holdings Ltd. (EQUITAS) - Company History

Equitas Holdings Ltd was incorporated as UPDB Micro Finance Private Limited on June 22 2007 at Chennai as a private limited company under the Companies Act 1956. Pursuant to a special resolution passed by the Shareholders on December 17 2007 the name of the Company was changed to Equitas Micro Finance India Private Limited to convey the principle of fairness and transparency of the Company and a fresh certificate of incorporation consequent to change of name was issued by the RoC on February 1 2008. The microfinancebusiness of the Company was demerged into Singhivi pursuant to a Demerger Scheme with effect from April 1 2011. Singhivi was later renamed as Equitas Micro Finance Private Limited. Pursuant to the Demerger Scheme a resolution was passed by the Shareholders on January 30 2012 and the name of our Company was changed to Equitas Holdings Private Limited and a fresh certificate of incorporation consequent to change of name was issued by the RoC on February 29 2012. Pursuant to an order issued by the RBI on December 3 2012 the Company was designated as a Non Systemically Important Core Investment Company and pursuant to the request made by the Company the certificate of registration as a NBFC under Section 45 IA of the RBI Act was cancelled. Thereafter pursuant to a special resolution passed by the Shareholders on June 12 2015 the Company was converted into a public limited company and the name was changed to Equitas Holdings Limited.The RoC issued a fresh certificate of incorporation consequent to change of name on June 18 2015.The company through its subsidiaries provides micro finance used commercial vehicle finance and housing finance services in India. The company operates through Micro Finance Other Finance and Others segments. It engages in extending credit to people who are otherwise unable to access finance from the mainstream banking channels. It also provides finance for the purchase of used commercial vehicles; and housing finance for self-employed and salaried segment of low income households as well as loans against property home loans and home extension loans. In 2015 the company has got In-principle approval for Small Finance Bank pursuant to RBI Letter dated October 7 2015 under reference DBR.PSBD.NBC (SFB-Equitas). No 4915/ 16.13.216/2015-16.