- The acquisition of shares by DSP Investment Managers is the result of the merger of Equitas Holdings with Equitas SFB.
- The paid-up equity of 9.99% will be acquired by the DSP Investment Managers in Equitas SFB through various schemes of DSP Mutual Fund.
- According to the norms of the RBI, prior approval of the central bank is a must for acquiring equity capital of more than 5%.
- The approval for the acquisition of the stakes by the RBI will be valid for 1 year (till 15th November 2023).
- Equitas SFB was established in 2015 with its headquarters in Chennai, Tamil Nadu. The current MD & CEO of the company is Vasudevan PN.
- DSP Investment Managers was established in 1983 with its headquarters in Mumbai. The current Non-Executive Chairperson of the company is Hemendra M Kothari.
Question:
Q.1 DSP Investment Managers recently acquired _____ stakes in Equitas SFB.a. 7.99%
b. 8.99%
c. 9.99%
d. 10.99%
