Close presumption of an Indian 500 rupee banknote. (Photo: Usha Kunji/BQ Prime)
11:36 AM IST, 01 Aug 202211:36 AM IST, 01 Aug 202211:36 AM IST, 01 Aug 202211:36 AM IST, 01 Aug 2022
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HDFC Securities Retail Research
Ujjivan Financial Services Ltd. is simply a halfway holding institution of Ujjivan Small Finance Bank Ltd. (holds 83.32% stake).
As a portion of the banking licence requirement, Ujjivan Financial Services has floated its wholly owned subsidiary which had commenced its banking operations from February 1, 2017. Ujjivan SFB is simply a wide marketplace focused slope successful India, catering to financially unserved and underserved segments and committed to gathering fiscal inclusion successful the country.
We consciousness that the holding institution discount volition gradually constrictive arsenic the clip passes due to the fact that the institution has already announced that it wants to reverse merge itself with Ujjivan SFB.
Ujjivan SFB is looking to rise Rs 600 crore of caller superior from organization investors to comply with the minimum nationalist shareholding norms, station which the slope volition attack the regulators for the merger scheme.
Click connected the attachment to work the afloat report:
HDFC Securities Retail Research Initiating Coverage_Ujjivan Financial Services Ltd..pdf
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