Ujjivan, Equitas tank upto 40% post RBI circular to list Small Finance Bank

Equitas Holdings tanked 40% to Rs 78, while Ujjivan Financial Services plunged 24% at Rs 167, their respective lowest level since listing on the BSE in intra-day trade on Friday.

The shares of Ujjivan Financial Services and Equitas Holdings fell by up to 40% on the BSE in intra-day trade, after these companies informed the exchanges that the Reserve Bank of India (RBI) told them to comply with the original license conditions.

Equitas Holdings tanked 40% to Rs 78, while Ujjivan Financial Services plunged 24% to Rs 167 on the BSE in intra-day trade today.

At the end of the day, Equitas Holdings closed 23% down at Rs 99 and Ujjivan Financial Services closed 18% lower at Rs 181. On comparison, the S&P BSE Sensex ended 1% lower