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

IRB face value has been split 10:1 – All Universal product users who have this stock, please adjust your tracking sheets : Quantity by a factor of 10 (ex : 1 old share is now 10) and your purchase price 1/10 (purchase at ex: 1000 now stands at 100). Respective changes will be done in the master

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). Universal users may sell off the EQUITASBK shares manually at their broker terminal and keep the cash in liquidbees form.

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