Acquisitions27 May 2025, 10:36 am
Suryoday Small Finance Bank: 1729 Capital Acquires 7.14% Stake via Open Market
AI Summary
1729 Capital, along with 1729 Advisors LLP, Pandit Pvt. Trust, Shri Deepak Thakran, and his brothers, have acquired a 7.14% stake in Suryoday Small Finance Bank through the open market. The acquisition was made in accordance with the Reserve Bank of India (RBI) Master Direction dated January 16, 2023. The securities acquired do not have any redemption time as they are equity shares. The total equity share capital of the bank is Rs. 106,28,48,240/- before and after the acquisition.
Key Highlights
- 1729 Capital acquires 7.14% stake in Suryoday Small Finance Bank
- Acquisition made through open market
- Stake acquired by 1729 Capital, 1729 Advisors LLP, Pandit Pvt. Trust, Shri Deepak Thakran, and his brothers
- Total equity share capital of the bank remains at Rs. 106,28,48,240/- before and after the acquisition
- Acquisition in accordance with the RBI Master Direction dated January 16, 2023