Mumbai: Equitas Holdings Ltd has divested its entire shareholding in Equitas Technologies Pvt Ltd (ETPL) as part of the regulatory requirement to complete the amalgamation involving its subsidiary Equitas Small Finance Bank.

Equitas Holdings is the promoter of Equitas Small Finance Bank (ESFB).

Under the scheme of amalgamation between ESFB and Equitas Holdings, all the assets held by the promoter, including its investments in ETPL, have to be transferred to and vested in ESFB.

In a regulatory filing on Tuesday, Equitas Holdings said it has completed the sale of its entire shareholding in ETPL on July 5, thereby complying with the condition stipulated by Reserve Bank of India (RBI)