Chennai: Equitas Small Finance Bank will raise a cumulative Rs 1,750 crore through Non-Convertible Debt Securities and Qualified Institutions Placement (QIP).The board of the city-based Small Finance Bank gave its nod for the purpose on Wednesday. In a regulatory filing, it said, the board approved the proposal to seek the approval through enabling resolutions at the ensuing tenth annual general meeting (AGM) to raise capital through issuance of Non-Convertible Debt Securities for an aggregate amount not exceeding Rs 500 Crore and Rs 1,250 crore via QIP.The board also approved the re-appointment of Vasudevan P N as the MD & CEO of the bank for a period of three years with effect from July 23, 2026, up to July 22, 2029, upon the conclusion of his present term on July 22, 2026.
