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Ujjivan Small Finance Bank Approves Rs 409 Crore Preferential Issue
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CNBC TV18•16-10-2026, 13:15
Ujjivan Small Finance Bank Approves Rs 409 Crore Preferential Issue
- •The board of Ujjivan Small Finance Bank Ltd approved raising Rs 409.04 crore through a preferential issue of shares.
- •A total of 6.31 crore shares will be issued at a price of Rs 64.73 each with a face value of Rs 10.
- •International Finance Corporation will invest Rs 249 crore, increasing its stake in the bank from 3.18 percent to 4.99 percent.
- •Other allottees include Bajaj Life Insurance, Aditya Birla Sun Life Insurance, and HDFC Life Insurance Company.
- •The bank has also approved convening an Extraordinary General Meeting of shareholders on November 13, 2026.
Key Questions Answered
The board of Ujjivan Small Finance Bank approved raising ₹409.04 crore through a preferential issue of shares.
The majority of the shares will be issued to the International Finance Corporation (IFC), alongside three other insurers: Bajaj Life Insurance, Aditya Birla Sun Life Insurance Company, and HDFC Life Insurance Company Ltd.
Ujjivan Small Finance Bank has scheduled its Extraordinary General Meeting of shareholders for November 13, 2026.
