New Students Offer - Use Code HELLO

Register Now

RBI Approves DSP Mutual Fund’s Stake Buy in Equitas

Published on November 19, 2022
Current Context: The Reserve Bank of India (RBI) approved the stake buy by the DSP Investment Managers Private Limited in Equitas Small Finance Bank (SFB) Limited.
RBI Approves DSP Mutual Fund’s Stake Buy in Equitas
  • 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%

Can I help you?

ramandeep singh

Hey I am Ramandeep Singh. I am determined to help students preparing for RBI, SEBI, NABARD and IBPS exams. Do you want me to help you ?

Join my class here
    Follow me:
Close Menu
Close Menu