Investment16 Oct 2026, 12:39 pm
Ujjivan SFB Board Approves ₹409 Cr Preferential Issue
AI Summary
Ujjivan Small Finance Bank's Board of Directors has approved a preferential issue of up to 6,31,91,619 equity shares at ₹64.73 per share, aggregating approximately ₹409.04 Crores. The issue is subject to shareholder approval at the EGM scheduled for November 13, 2026. Key investors include International Finance Corporation, Bajaj Life Insurance, Aditya Birla Sun Life Insurance, and HDFC Life Insurance. The bank also approved the execution of a subscription agreement with IFC and a policy agreement outlining customary provisions for IFC as an investee company.
Key Highlights
- Board approves preferential issue of equity shares.
- Fundraising target of approximately ₹409.04 Crores.
- Issue price set at ₹64.73 per share.
- International Finance Corporation and other insurers are proposed allottees.
- Shareholder approval required via EGM on November 13, 2026.
Price Impact
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