Rimco India Buys 50 Lakh Shares Of Equitas Holdings

Creation Investments Equitas Holdings LLC has sold 50,00,000 shares of Equitas Holdings at Rs 169 through a bulk deal on the BSE. However, Rimco India has purchased 50,00,000 shares Equitas Holdings at Rs 168.99.

Equitas Holdings was trading higher by 0.6% at Rs 155.15 per share at 0939 hours IST on BSE. The stock hit a high of Rs 156.40 and a low of Rs 154.65 so far during the morning trading session.

The stock has underperformed both BSE Mid-cap and Nifty Financial Services index over the period of 1 year. The company’s peers include M&M Financial Services and PNB Housing Finance.

Equitas Holdings Limited, through its subsidiaries, provides various banking services to individuals, and micro and small enterprises in India. It offers microfinance, agri loans, used commercial vehicle finance, microloan against property, housing finance, business loans and gold loans, etc.

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