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It sells 89 lakh shares in open market
The U.K.’s development finance institution CDC Group has pruned its stake in Equitas Holdings Ltd. by 2.61% through sale of more than 89 lakh shares in the open market earlier this week, according to a filing. “We have on February 25, 2021, sold (in open market) 89,30,410 equity shares of Equitas Holdings Ltd., constituting 2.61% of the paid-up share capital of Equitas Holdings Ltd.,” CDC Group plc said in the filing. The disclosures are required under SEBI’s regulation on substantial acquisition of shares and takeovers, it added. Before the sale of shares, CDC Group held 7.84% stake in Equitas Holdings, equivalent to 2,67,91,230 equity shares. Hence, the total shareholding of the U.K.’s development finance institution has now come down to 5.23%, equivalent to 1,78,60,820 equity shares.
Financials stocks were trading in green, with the S&P BSE Finance index increasing 135.65 points or 1.76% at 7852.14 at 09:48 IST. Among the components of the S&P BSE Finance index, State Bank of India (up 13.32%), PNB Gilts Ltd (up 11.48%),Indian Bank (up 9.73%),Bank of India (up 7.06%),Central Bank of India (up 6.18%), were the top gainers. Among the other gainers were Karnataka Bank Ltd (up 5.08%), Bank of Baroda (up 4.81%), Equitas Holdings Ltd (up 4.72%), IFCI Ltd (up 4.12%), and UCO Bank (up 4.1%). On the other hand, PTC India Financial Services Ltd (down 7.52%), Reliance Capital Ltd (down 5.32%), and Dewan Housing Finance Corporation Ltd (down 4.93%) turned lower.
Equitas Holdings Limited board declares interim dividend of Rs. 2
Posted On: 2021-02-05 07:32:03 (Time Zone: Arizona, USA)
The Board of directors of Equitas Holdings Limited at its Meeting held today, has declared interim dividend of Rs. 2 (Rupees two only) per equity share of Rs.10 each for the financial year 2020-21. This is in addition to the interim dividend of Re. 1 declared by the Board at its Meeting held on August 10, 2020 and subsequently paid in line with the applicable statutes. The Record date for the purpose of payment of second interim dividend shall be February 13, 2021.
The interim dividend shall be paid to those shareholders whose names appear in the register of members as on the record date i.e. February 13, 2021 in respect of shares held by them in physical form / dematerialised mode, as per the details to be furnished by the depositories / RTA as on the record date. The interim dividend will be paid on or before March 6, 2021.
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