Investment24 Nov 2025, 03:50 pm
1729 Capital Receives RBI Approval for 7.14% Stake in Suryoday Small Finance Bank
AI Summary
1729 Capital, a Foreign Portfolio Investor (FPI) registered with SEBI, has received post facto approval from the Reserve Bank of India (RBI) for acquiring a 7.14% stake in Suryoday Small Finance Bank Limited (SSFB). This approval is pursuant to an earlier disclosure made on May 20, 2025. The RBI approval letter, dated November 13, 2025, also lifts the previous restriction on voting rights for 1729 Capital and its associates in SSFB, subject to compliance with relevant regulations.
Key Highlights
- RBI has accorded post facto approval for 7.14% stake in SSFB
- The restriction on voting rights for 1729 Capital and its associates in SSFB has been removed
- The approval is subject to compliance with relevant provisions of Banking Regulation Act, 1949, Master Direction and Guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies, FEMA, 1999, and SEBI regulations