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ESAF Small Finance Bank Limited ( (IN:ESAFSFB) ) has shared an announcement.
ESAF Small Finance Bank Limited announced that it received communication from the Reserve Bank of India regarding a Scheme of Arrangement involving its promoter company and identified shareholders. The RBI has denied approval for Dia Vikas Capital Private Limited to acquire more than 5% of the bank’s paid-up share capital under the scheme. This decision is significant as it affects the promoter shareholding structure, prompting the promoter company’s board to assess implications and explore alternative actions to comply with RBI’s ownership guidelines.
More about ESAF Small Finance Bank Limited
ESAF Small Finance Bank Limited operates in the financial services industry, focusing on providing small finance banking services. The bank primarily offers financial products and services targeted at underserved and unbanked segments, emphasizing inclusive growth and financial inclusion.
Average Trading Volume: 33,918
Technical Sentiment Signal: Sell
Current Market Cap: 15.46B INR
See more insights into ESAFSFB stock on TipRanks’ Stock Analysis page.