Ujjivan SFB Seeks to Raise 409 Crore Through Preferential Equity
Ujjivan Small Finance Bank is looking to raise 409 crore through a preferential equity allotment to IFC and three local life insurers. IFC is likely to invest 249 crore; the remaining amount would come from the insurers.
Ujjivan Small Finance Bank plans to raise 409 crore through a preferential equity allotment to International Finance Corporation and three domestic life insurers. IFC is expected to invest 249 crore, with Bajaj Life Insurance Co and Aditya Birla… contributing the remainder.