Equitas Small Finance Bank Secures RBI Nod for Mirae Asset Mutual Fund to Acquire Holding Up to 9.50%

Equitas Small Finance Bank (Equitas SFB) has received approval from the Reserve Bank of India (RBI) allowing Mirae Asset Mutual Fund to acquire an aggregate holding of up to 9.50% in the bank.  

The approval covers both paid-up share capital and voting rights in the lender. The bank disclosed the development through a stock exchange filing on June 1, 2026.  

Details of the Proposed Acquisition 

According to the filing, RBI's approval permits Mirae Asset Mutual Fund to raise its stake in Equitas SFB up to the specified threshold of 9.5%. The communication from the regulator was received by the bank on June 1, 2026. 

The approval relates to the aggregate holding of the mutual fund and does not indicate the timing or manner in which the stake may be acquired. Any increase in shareholding will be subject to applicable regulatory requirements.  

Conditions Attached to the Approval 

The RBI has granted the approval subject to compliance with several regulatory provisions. These include the Banking Regulation Act, 1949, and the Reserve Bank of India (Commercial Banks–Acquisition and Holding of Shares or Voting Rights) Directions, 2025, issued on November 28, 2025. 

The approval is also subject to adherence to provisions of the Foreign Exchange Management Act (FEMA), regulations prescribed by the Securities and Exchange Board of India (SEBI), and other applicable laws, regulations and guidelines.  

Validity Period 

Equitas SFB stated that the RBI approval will remain valid for 1 year from the date of approval. Any acquisition of shares under the approval framework would need to take place within this validity period and in accordance with the conditions specified by the regulator.  

Exchange Filing 

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by N Ramanathan, Company Secretary of Equitas Small Finance Bank.  

Read More: Emami Completes Acquisition of 2,05,767 Shares in IncNut Digital, Secures 59.69% Stake! 

Equitas Small Finance Bank Share Price Performance  

As of June 2, 2026, 1:34 pm, Equitas Small Finance Bank share price was trading at ₹69.47, up 0.09% from the previous closing price. 

Conclusion 

RBI has cleared Mirae Asset Mutual Fund to acquire up to a 9.5% stake in Equitas SFB, subject to compliance with banking, securities market and foreign exchange regulations. The approval will remain effective for one year from the date it was granted. 

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