Ujjivan Financial, Equitas Holdings hit upper circuit. Here's why SECTIONS Share Synopsis On Monday, Equitas Small Finance Bank soared 19 per cent to Rs 76.75, whereas shares of Ujjivan Small Finance Bank jumped 11 per cent to Rs 33.8. Agencies Equitas Holdings, the promoter of Equitas Small Finance Bank (SFB), said the bank has received Reserve Bank of India's (RBI) nod to apply for amalgamation of the promoter into itself. Related New Delhi: Shares of the promoters of two small finance banks - Ujjivan Financial Services and Equitas Holdings - hit their upper circuit limits in early trade on Monday. Both the counters were buzzing on the back of a reverse merger.