India: Equitas shares debut 33.6% higher

India: Equitas shares debut 33.6% higher

Visual from Equitas website

Shares of Equitas Holdings Ltd, the first so-called small finance bank (SFB) to go public, saw a decent debut, as they rose 33.6% on Thursday, after its initial public offer (IPO) was subscribed more than 17 times earlier this month, backed by strong interest from local financial institutions.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter