September 26, 2016 10:20 PM ET

Insurance

Company Overview of Equitas Holdings Limited

Company Overview

Equitas Holdings Limited offers reinsurance services. The company was incorporated in 1995 and is based in London, United Kingdom.

33 Saint Mary Axe

London,  EC3A 8LL

United Kingdom

Founded in 1995

Phone:

44 20 7342 2000

Fax:

44 20 7342 2001

Key Executives for Equitas Holdings Limited

Chairman
Age: 74
Compensation as of Fiscal Year 2016.

Equitas Holdings Limited Key Developments

Equitas Holdings Reportedly Seeks IPO

Equitas Holdings Limited will file draft initial public offering (IPO) papers in the next few days, three people familiar with company's plans said. The IPO will see Equitas Holdings raising up to INR 20 billion. Of this, approximately INR 6 billion will be used by Equitas Holdings for investing in its forthcoming small finance bank, while the rest would be an offer for sale by its existing investors, said one of the three people mentioned above who spoke on condition of anonymity. "Most existing shareholders will sell all or part of their stake in the IPO. The exact amount of stake that will be sold by investors is yet to be finalized, but foreign shareholders have to sell their stakes as under RBI norms a small finance bank cannot have more than 49% of foreign ownership," added this person, who asked not to be identified. ICICI Securities, HSBC, Axis Capital and Edelweiss Financial Services are managing the Equitas IPO, the third person said, asking not to be identified. Equitas Holdings declined comment on the story, reported MINT.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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