Ujjivan Financial, Equitas Holdings hit upper circuit. Here’s why

2021-07-12 10:16:50

New Delhi: Shares of the promoters of two small finance banks – Ujjivan Financial Services and – hit their upper circuit limits in early trade on Monday. Both the counters were buzzing on the back of a reverse merger.

Equitas Holdings, the promoter of Equitas Small Finance Bank (SFB), said the bank has received Reserve Bank of India’s (RBI) nod to apply for amalgamation of the promoter into itself.

Similarly, the green signal from the banking regulator has

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