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NCLT sanctions amalgamation of Equitas Holdings and Equitas SFB

Amalgamation scheme shall be effective upon the filing of tribunal's order

BS Reporter Mumbai

Premium

Equitas SFB operates as a small finance bank engaged in retail banking business

2 min read Last Updated : Jan 17 2023 | 10:24 PM IST

The National Company Law Tribunal has sanctioned the scheme of amalgamation of Equitas Holdings Limited and Equitas Small Finance Bank, the small finance lender told exchanges on Tuesday. The appointed date for the amalgamation is January 1, 2023 and the scheme shall be effective upon the filing of the NCLT’s order with registrar of companies, Chennai, the bank said.