Who wrote this article?

Aakash Agarwal, Capitalmind's research team.

SBI Mutual Fund increases stake in Equitas Holdings to 5.24%

13 May 2016Aakash Agarwal1 min read

Quick Facts

What is "SBI Mutual Fund increases stake in Equitas Holdings to 5.24%" about?
What category is this article in?: Stocks
Who wrote this article?: Aakash Agarwal, Capitalmind's research team.
When was this article published?: Published 13 May 2016.
How long does this article take to read?: 1 min read
What topics does this article cover?: EQUITAS, SBI Mutual Fund
What does the "Disclaimer" section say?: Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.

Equitas Holdings

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/-.

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 )

sbiMFLogo

Here is the details holding under various schemes of SBI Mutual Fund:

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Disclaimer

Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.