EQUITAS (EQUITAS)
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Equitas SFB shares tumble 27% in two days on CEO Vasudevan exit
While announcing the company’s Q2 results on Thursday, the lender also announced that it has received a letter from Vasudevan, conveying his intention to step down from his position to pursue certain personal and social initiatives. The shares of the company tumbled 12% after the announcement to close at Rs 57.17 apiece.
Equitas SFB MD Vasudevan resigns, shares hit 20% lower circuit
Equitas Small Finance Bank shares crashed 20% to hit the lower circuit after MD and CEO P N Vasudevan resigned, with the stock plunging as much as 25% from intraday highs. The sharp selloff came despite the bank reporting record profit, as investors reacted to the sudden leadership exit. The stock remains locked in the lower circuit as the market digests the management change.
Equitas SFB board approves proposal to raise up to Rs 500 crore via private NCD issue
Equitas SFB board approves proposal to raise up to Rs 500 crore via private NCD issue Equitas Small Finance Bank said that its board has approved a proposal to raise funds aggregating to Rs 500 crore through the issuance of non-convertible debentures.
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