 "\"Once we get approval from Sebi on the proposed structure, we shall proceed to the NCLT for implementing the scheme of arrangement\" P N Vasudevan MD, Equitas SFB")
Equitas Small Finance Bank (SFB), which completed three years of operations on Wednesday, has missed its listing timeline.
While the holding company — Equitas Financial Holdings, which owns 100 per cent stake in Equitas SFB — is a listed entity, the Reserve Bank of India (RBI) rules mandate that the SFB be listed separately within three years of launch of business. Equitas SFB, the first such bank, began operations on September 5, 2016.
The company has been considering a reorganisation of its share capital through a scheme of arrangement under Section 230 read with Section 52 of the Companies Act 2013. The
