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Stocks

SBI Mutual Fund increases stake in Equitas Holdings to 5.24%

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Equitas Holdings

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Chennai-based Equitas Holdings is one of the 10 entities that received in-principle approval from the RBI in September 2015 to set up a small finance bank. The company has diversified operations in microfinance (MFI), vehicle finance (VF), micro/small enterprises (MSE) and housing finance (HF).

The company made its stellar debut in the markets on the 21-April at Rs. 145.10/- and closed today at Rs. 147.75/- after an all-time high of Rs. 149.60/-.

Equitas Holding Share Price May 2016

SBI Mutual Fund under its various schemes held 16,519,266 shares or 4.93% bought a small stake of 1,068,064 shares or 0.32% on 10-May-16, thereby bringing its overall holding to 17,587,330 shares or 5.24%. (Click here to read about the earlier deal involving Goldman Sachs and MSD India Fund )

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Here is the details holding under various schemes of SBI Mutual Fund:List of SBI Mutual Fund Schemes holding Equitas Finance as of 13-May-2016

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