IRB stock split and EQUITAS Reverse Merger (Mi 30 Smallcase users only)1 min read

IRB face value has been split 10:1 – Smallcase users need no action. The quantities and prices will be adjusted after one day.

There has been a reverse merger in Equitas Small Finance Bank and subsequently shares of EQUITASBK have been issued.

Post the reverse merger, 231 shares of Equitas Small Finance Bank are to be issued to the Shareholders holding 100 shares in Equitas Holdings Limited (all Rs 10 fully paid-up).

For smallcase users, they can sell off the EQUITASBK shares manually at their broker terminal. There is no impact on the performance metrics. The amount can be redeployed as liquidbees for future use.

Related posts

Practical insights for wealth creation

Join the thousands of regular readers of our weekly newsletter and other updates delivered to your inbox and never miss on our articles.

Thank you. You will hear from us soon.

Mail Sent Failed !

    Inline Feedbacks
    View all comments