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The latest update is out from ESAF Small Finance Bank Limited ( (IN:ESAFSFB) ).
ESAF Small Finance Bank Limited has disclosed that it has received a communication from the Reserve Bank of India stating that the revised Scheme of Arrangement submitted by its promoter, ESAF Financial Holdings Private Limited, has been taken on record, subject to compliance with applicable laws and regulations. While the bank is not a party to this scheme, it noted that the arrangement and related regulatory communications affect its promoter shareholding and dilution milestones, prompting the disclosure under SEBI listing obligations, with a commitment to provide further updates as required.
More about ESAF Small Finance Bank Limited
ESAF Small Finance Bank Limited is an Indian small finance bank that offers a range of retail and microfinance banking services, with a focus on financial inclusion and serving underbanked and rural segments. Its shares are listed on both BSE and the National Stock Exchange of India, and the bank operates under the regulatory framework of the Reserve Bank of India and SEBI’s listing regulations.
Average Trading Volume: 24,969
Technical Sentiment Signal: Sell
Current Market Cap: 13.31B INR
For an in-depth examination of ESAFSFB stock, go to TipRanks’ Overview page.