Equitas SFB Approves ₹500 Cr NCD Issuance

Equitas Small Finance Bank's Board of Directors has approved the issuance of up to 50,000 Rated, Listed, Unsecured, Subordinated, Transferable, Redeemable, Fully Paid Up, Lower Tier II Non-Convertible Debentures. The aggregate nominal value of these debentures is up to Rs. 500 Crores, to be issued in a single series on a private placement basis. These debentures will be categorized as Lower Tier II Capital in compliance with Basel II framework and will be listed on BSE Limited.