Equitas Small Finance Bank543243Banking / small
Equitas SFB stock crashed around 25-30% after CEO and MD Mr. Vasudevan resigned citing conflict of interest, wiping out about 2000 crore rupees in market cap
By ScoutQuest · · 1 min read
- Stock decline after announcement
- 30 percent
- Market cap loss
- 2000 crore rupees
- Market cap after fall
- below 6000 crore rupees
- Stock price before announcement
- 70 rupees
- Stock price after correction
- 50 rupees
Heard on business television between 15:52:04 - 15:55:04 IST.
- Vasudevan cited his daughter being co-promoter at another NBFC as creating a conflict-of-interest overhang and said stepping down would unlock real value.
- Stock fell from around 70 rupees to around 50 rupees, correcting about 25-30%, with market cap loss of about 2000 crore rupees and cap falling below 6000 crore rupees.
- Analyst compared to past CEO resignations (Girish Kousgi, Naveen Fluorine's Radhesh) where initial knee-jerk falls were later recovered, and Syngene-like case (Syent) where stock stayed down.
- Stock now trades at about 0.8-0.9 times book with ROA of approximately 1.3%.
- Fund manager Nilesh said he saw no clear governance problem on the surface and felt market may have overreacted.
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Also from Equitas Small Finance Bank
Investor conference on November 05, 2026: group and one-to-one meetings
30 Oct 2026
Ashish Chaturmedi of JM Financial said Equitas' operational parameters remain strong despite the leadership overhang and suggested buying in a staggered manner
30 Oct 2026
Equitas Small Finance Bank CEO PN Vasudevan confirmed his resignation is final over a perceived conflict of interest involving his daughter's NBFC, sending the stock down sharply over two sessions
30 Oct 2026
Source: Live TV News Channel · 30 Oct 2026
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