Equity shares are the shares that provide ownership for an investor in a company.
There is equity capital that a company is authorised to issue and for this shares are given to investors.
These are equity shares which are the shares that are listed on a stock exchange.
These pay dividends only if the company makes a profit.
The holders of the equity shares will receive some amounts at the very end if there is something left for them at the time of the closing down of the company.