Equitas Small Finance Bank Shares Hit 20% Lower Circuit After CEO PN Vasudevan Resigns

Equitas Small Finance Bank Shares Hit 20% Lower Circuit After CEO PN Vasudevan Resigns

Equitas Small Finance Bank shares crashed 20% after MD and CEO PN Vasudevan resigned, while Bitcoin crossed ₹1.08 crore. From its mysterious creator to the famous 10,000-Bitcoin pizza purchase, its journey holds remarkable stories.

 

Shares of Equitas Small Finance Bank Limited plunged 20% on Thursday, hitting the lower circuit after the company's Managing Director and Chief Executive Officer, PN Vasudevan, resigned from his position. The development triggered a sharp decline in the company's share price.

The resignation comes at a time when Bitcoin has reached a significant milestone, with its price crossing ₹1.08 crore for the first time. The cryptocurrency, which was valued close to zero in 2009, has since witnessed a remarkable rise in value. Its journey is also associated with several unusual and fascinating stories.

One of the biggest mysteries surrounding Bitcoin is the identity of its creator. The person who developed the cryptocurrency has never publicly revealed their identity and has remained anonymous. The only name associated with its creation is Satoshi Nakamoto, a mysterious identity whose real-world identity remains unknown.

Another widely remembered incident dates back to 2010, when a software engineer purchased pizza for 10,000 Bitcoins. The transaction has since become one of the most talked-about episodes in Bitcoin's history.

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Had the software engineer not purchased the pizza at the time and instead held on to those 10,000 Bitcoins, their value would now have exceeded ₹10,000 crore.

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Bitcoin's rise from a value close to zero in 2009 to more than ₹1.08 crore today highlights the extraordinary financial journey of the cryptocurrency. The pizza transaction remains a reminder of how dramatically the value of Bitcoin has changed over the years.

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