Equitas Small Finance Bank Share Price in Focus as Board Approves Issue of 50,000 NCDs Worth ₹500 Crore

On September 16, 2026, Equitas Small Finance Bank Limited announced the outcomes of its board meeting, which included the approval for raising fresh capital.  

The bank plans to issue up to 50,000 non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, amounting to a total of ₹500 crore, as per the exchange filings. 

Details of the Capital Raising Initiative 

The board meeting, which took place from 11:00 AM to 11:45 AM, resulted in the decision to raise capital through the issuance of NCDs.  

These instruments are fixed and have been structured with a face value of ₹1,00,000 each, aiming for a total aggregate value of ₹500 crore. This move aligns with the bank's strategy to enhance its capital base. 

Regulatory Compliance and Placement Strategy 

The capital raised will be classified as Lower Tier II Capital, adhering to the Basel II framework on Capital Adequacy.  

The NCDs will be issued in a dematerialised form on a private placement basis, targeting eligible institutional investors. This ensures compliance with global regulatory standards. 

Instrument Characteristics and Legal Framework 

The proposed debentures are unsecured, subordinated, transferable, redeemable, and fully paid-up. They do not carry any special rights or privileges.  

The final coupon rates and maturity dates are pending approval from the bank's directors. 

Read More: Suzlon Energy Share Price in Focus as 31st AGM Passes Key Resolutions on Financial Statements, Director Reappointment! 

Equitas Small Finance Bank Share Price Performance 

As of September 16, 2026, at 12:46 PM, Equitas Small Finance Bank share price on NSE was trading at ₹71.51, up by 0.22% from the previous closing price. 

Conclusion 

Equitas Small Finance Bank's board has approved the issuance of 50,000 non-convertible debentures, each valued at ₹1,00,000, totalling ₹500 crore. These debentures will be classified as Lower Tier II Capital, adhering to Basel II standards. 

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