Not buying stake in Equitas SFB, says DSP AMC in response to media reports

Clarifies that approval received by RBI allows its MF schemes to hold more than 5% in Equitas SFB, which will soon merge with Equitas Holdings

DSP Investment Managers has clarified that it is not buying any stake in Equitas Small Finance Bank (SFB) as reported by the media. It said that the approval received by the Reserve Bank of India (RBI) allows its mutual fund schemes to hold more than 5 per cent stake in Equitas SFB, which will soon merge with Equitas Holdings (EHL).

"As on date, various schemes of DSP Mutual Fund hold equity shares of EHL which upon merger would hold over 5 per cent of Equitas SFB. Hence, approval was sought from RBI which has been approved subject to certain conditions.