 "IPO")
Equitas Holdings (EHL), the promoter of Equitas Small Finance Bank (ESFB), will be initiating steps to issue an initial public offering (IPO) of the bank with the aim to list the shares by March 2020.
Earlier, its request for approval of a scheme of arrangement to list the bank’s shares without an IPO was returned by the Securities and Exchange Board of India (Sebi).
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.
Under the scheme of arrangement, which was approved
Earlier, its request for approval of a scheme of arrangement to list the bank’s shares without an IPO was returned by the Securities and Exchange Board of India (Sebi).
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.
Under the scheme of arrangement, which was approved
