As per an exchange filing, Banking regulator the Reserve Bank of India has cleared Franklin Templeton Mutual Fund's acquisition of a stake in Equitas Small Finance Bank Ltd. The investment by Franklin Templeton is subject to the amalgamation of Equitas Holdings Ltd with the small finance bank.
The bank's parent firm Equitas Holdings will be merged with the small finance bank. RBI had already granted approval to DSP Investment Managers to acquire as much as 9.99 per cent stake in Equitas Small Finance Bank in November.
But Franklin will only have 5 per cent voting rights at Equitas Small Finance Bank, until RBI issues further directions in addition to other conditions.
RBI Cuts Repo Rate, Making Housing, Auto & Commercial Loans Cheaper
Flipkart Buy Buy Sale 2025 In India Begins: Nothing Phone 3 At ₹49,999, Phone 3a At ₹21,999, More Price Cuts
IndiGo Crisis: Over 550 Flights Cancelled, DGCA Intervenes, Airline Issues Apology — 10 Key Developments Explained
Dhurandhar Review: Ranveer Singh & Sara Arjun's Actioner Is A Semi Dragfest In The Name Of Patriotism (TILL INTERVAL)
