RBI approves Mirae Asset Mutual Fund to buy 9.50% stake in Equitas Small Finance Bank
June 01, 2026
The Reserve Bank of India has approved Mirae Asset Mutual Fund to acquire an aggregate holding of up to 9.50% of the paid-up share capital or voting rights in Equitas Small Finance Bank. The approval, received on June 01, 2026, is valid for a period of one year from the date of the approval.
The Reserve Bank of India has approved Mirae Asset Mutual Fund to acquire an aggregate holding of up to 9.50% of the paid-up share capital or voting rights in equitas small finance bank . This regulatory approval allows the mutual fund to increase its stake in the bank, subject to compliance with specific banking and financial regulations.
The approval, communicated to the bank on June 01, 2026, at 17:21 hours, is valid for a period of one year from the date of the approval. The transaction is contingent upon adherence to the relevant provisions of the Banking Regulation Act, 1949, and the Reserve Bank of India (Commercial Banks-Acquisition and Holding of Shares or Voting Rights) Directions, 2025 dated November 28, 2025.
Regulatory Compliance
The acquisition is subject to compliance with various statutory frameworks. In addition to the Banking Regulation Act and the specific RBI directions, the transaction must align with the provisions of the Foreign Exchange Management Act, 1999. Regulations issued by the Securities and Exchange Board of India and other applicable statutes and guidelines must also be followed.
The approval covers the acquisition of an aggregate holding, which includes both paid-up share capital and voting rights. The specific directions issued by the RBI in November 2025 govern the acquisition and holding of shares in commercial banks, ensuring that such investments remain within regulatory limits.
Transaction Details
Detail Description Acquirer Mirae Asset Mutual Fund Target Equitas Small Finance Bank Limited Approved Stake Up to 9.50% of paid-up share capital or voting rights Approval Date June 01, 2026 Validity One year from the date of approval
Equitas Small Finance Bank Limited has granted 29,20,631 stock options to eligible employees, including Whole-time Directors and Material Risk Takers, under the ESFB Employee Stock Option Scheme 2019. The grant, approved by the Nomination & Remuneration Committee on May 28, 2026, aims to incentivize employees through equity ownership. The options will vest over three years from the grant date, subject to the beneficiaries remaining in service and receiving necessary regulatory approvals.
The allocation includes 14,28,305 options for Whole-time Directors and Material Risk Takers, priced at ₹72.18 per share. The remaining 14,92,326 options were granted to other eligible employees, with a significant portion issued at face value. The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and shares issued upon exercise will rank pari-passu with existing equity shares.
Breakdown of Options Granted
The bank categorized the grants based on employee roles, with distinct pricing structures for each category.
Category Number of Options Exercise Price (₹) Whole-time Directors & MRTs 14,28,305 72.18 Other Eligible Employees 12,15,697 10.00 Other Eligible Employees 2,76,629 72.18 Total 29,20,631
Vesting and Exercise Terms
The stock options will vest over a period of three years from May 28, 2026. The vesting is deferred annually, and 100% of the total options will vest only if the employee continues to be part of the bank. Grants made to the Managing Director & CEO and Executive Director are subject to approval by the Reserve Bank of India.
Once vested, the options can be exercised within three years from the date of vesting. Each option, upon exercise, entitles the holder to one equity share of the bank. The disclosure was made to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.
Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.
As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation.
We plan to change that - a technology-led and artificial intelligence enabled platform built for super traders and long term investors.
Disclaimer:
The data and information provided on this website is for general informational and research purposes only. While we strive to ensure that the content is accurate, up-to-date, and reliable, this platform utilizes artificial intelligence (AI) tools to generate, curate, and summarize information. As such, the content may occasionally contain errors, omissions, or outdated information. All users are therefore advised to cross verify the source of the data and information.
This website does not constitute professional, legal, financial, medical, or any other form of licensed advice. Users are encouraged to independently verify any information before relying on it, especially for decisions that may have legal, financial, or personal consequences.
The views, analyses, and summaries presented on this platform may be generated or assisted by AI and do not necessarily reflect the opinions of the website owners, operators, editors, or affiliates.
We make no warranties or representations, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information contained on this website. Any reliance you place on such information is strictly at your own risk.
This website may include links to third-party sources or content. We do not control or endorse the nature, accuracy, or availability of those external sites and are not responsible for any content or damages arising from their use.
By using this website, you acknowledge and agree that the use of AI-generated content involves inherent limitations, uncertainties and inaccuracies, and you accept full responsibility for how you interpret and use the information provided.
We reserve the right to modify, update, or remove content and this disclaimer at any time without prior notice.
The approval, communicated to the bank on June 01, 2026, at 17:21 hours, is valid for a period of one year from the date of the approval. The transaction is contingent upon adherence to the relevant provisions of the Banking Regulation Act, 1949, and the Reserve Bank of India (Commercial Banks-Acquisition and Holding of Shares or Voting Rights) Directions, 2025 dated November 28, 2025.
Regulatory Compliance
The acquisition is subject to compliance with various statutory frameworks. In addition to the Banking Regulation Act and the specific RBI directions, the transaction must align with the provisions of the Foreign Exchange Management Act, 1999. Regulations issued by the Securities and Exchange Board of India and other applicable statutes and guidelines must also be followed.
The approval covers the acquisition of an aggregate holding, which includes both paid-up share capital and voting rights. The specific directions issued by the RBI in November 2025 govern the acquisition and holding of shares in commercial banks, ensuring that such investments remain within regulatory limits.
Transaction Details
Detail Description Acquirer Mirae Asset Mutual Fund Target Equitas Small Finance Bank Limited Approved Stake Up to 9.50% of paid-up share capital or voting rights Approval Date June 01, 2026 Validity One year from the date of approval
Equitas Small Finance Bank Limited has granted 29,20,631 stock options to eligible employees, including Whole-time Directors and Material Risk Takers, under the ESFB Employee Stock Option Scheme 2019. The grant, approved by the Nomination & Remuneration Committee on May 28, 2026, aims to incentivize employees through equity ownership. The options will vest over three years from the grant date, subject to the beneficiaries remaining in service and receiving necessary regulatory approvals.
The allocation includes 14,28,305 options for Whole-time Directors and Material Risk Takers, priced at ₹72.18 per share. The remaining 14,92,326 options were granted to other eligible employees, with a significant portion issued at face value. The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and shares issued upon exercise will rank pari-passu with existing equity shares.
Breakdown of Options Granted
The bank categorized the grants based on employee roles, with distinct pricing structures for each category.
Category Number of Options Exercise Price (₹) Whole-time Directors & MRTs 14,28,305 72.18 Other Eligible Employees 12,15,697 10.00 Other Eligible Employees 2,76,629 72.18 Total 29,20,631
Vesting and Exercise Terms
The stock options will vest over a period of three years from May 28, 2026. The vesting is deferred annually, and 100% of the total options will vest only if the employee continues to be part of the bank. Grants made to the Managing Director & CEO and Executive Director are subject to approval by the Reserve Bank of India.
Once vested, the options can be exercised within three years from the date of vesting. Each option, upon exercise, entitles the holder to one equity share of the bank. The disclosure was made to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.
Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.
As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation.
We plan to change that - a technology-led and artificial intelligence enabled platform built for super traders and long term investors.
Disclaimer:
The data and information provided on this website is for general informational and research purposes only. While we strive to ensure that the content is accurate, up-to-date, and reliable, this platform utilizes artificial intelligence (AI) tools to generate, curate, and summarize information. As such, the content may occasionally contain errors, omissions, or outdated information. All users are therefore advised to cross verify the source of the data and information.
This website does not constitute professional, legal, financial, medical, or any other form of licensed advice. Users are encouraged to independently verify any information before relying on it, especially for decisions that may have legal, financial, or personal consequences.
The views, analyses, and summaries presented on this platform may be generated or assisted by AI and do not necessarily reflect the opinions of the website owners, operators, editors, or affiliates.
We make no warranties or representations, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information contained on this website. Any reliance you place on such information is strictly at your own risk.
This website may include links to third-party sources or content. We do not control or endorse the nature, accuracy, or availability of those external sites and are not responsible for any content or damages arising from their use.
By using this website, you acknowledge and agree that the use of AI-generated content involves inherent limitations, uncertainties and inaccuracies, and you accept full responsibility for how you interpret and use the information provided.
We reserve the right to modify, update, or remove content and this disclaimer at any time without prior notice.