Equitas Small Finance Bank plans to raise up to Rs 1,750 cr

Equitas Small Finance Bank on Wednesday said its board has approved a proposal for raising up to Rs 1,750 crore from a mix of debt and equity to fund business growth. As per the proposal, the company would raise up to Rs 500 crore by issuing Non-Convertible Debentures or other debt securities on a private placement basis. Moreover, up to Rs 1,250 crore would be raised by via Qualified Institutions Placement (QIP) or through any other permissible mode, in one or more tranches, it said in a BSE filing. The board has also approved the re-appointment of Vasudevan P N as MD and CEO of three years with effect from July 23, 2026, it said.