Ashish Dhawan bought a stake in the preferred stock of this mutual fund at ₹65

One of the preferred stocks of Equitas Small Finance Bank Mutual Fund and asset management companies (amc) like State Bank Of India Mutual Fund, Franklin India Mutual Fund, Sundaram Mutual Fund, Nippon India Mutual Fund, HDFC Mutual Funds, Canara Robeco Mutual Fund etc. have invested in this banking stock, which is currently available at around 65 each.

Equitas Small Finance Shareholding Pattern

As per the latest shareholding pattern of Equitas Small Finance Bank, Ashish Dhawan is holding 4,03,70,000 bank shares, which is 3.64 per cent of the total paid-up capital of the listed bank. In the shareholding pattern of Equitas Small Finance Bank for the December 2022 quarter, the veteran investor’s name was missing. This means that Ashish Dhawan has added fresh stake in this small finance bank. However, it would be difficult to establish whether Ashish Dhawan bought all these shares during January to March 2023 or he already held some shares of the bank in the December 2022 quarter.

As per exchange rules, it is mandatory for a listed company to share the names of every shareholder who holds one per cent or more shares in the company. However, the rules do not make it mandatory for the company to share details of purchase and sale of shares. Therefore, it may happen that Ashish Dhawan may have bought all the shares in Q4 FY2023 or he may have bought some shares earlier but their quantum was less than 1 per cent of the total paid-up capital of the company, hence his name shareholding pattern. I was not