Ujjivan SFB plans Rs 409 crore preferential share sale
In short
Ujjivan Small Finance Bank plans to raise Rs 409 crore by selling shares on a preferential basis to IFC and three insurers. The shares are priced at Rs 64.73 each, and the bank also said Q2 net profit jumped 200% year on year to Rs 365 crore.
This could strengthen the bank’s capital base. What happens next, including final approval and completion, is not stated in the available reporting.
What the reporting says
Ujjivan Small Finance Bank plans to raise Rs 409 crore through a preferential share allotment to IFC and three insurers at Rs 64.73 per share. The publisher-supplied summary says the bank also reported a 200% year-on-year jump in Q2 net profit to Rs 365 crore. The immediate outcome is a planned equity infusion; the timing of completion and shareholder response were not stated.
Why it matters
Ujjivan Small Finance Bank plans to raise Rs 409 crore from IFC and three insurers through a preferential share allotment at Rs 64.73 per share. The same publisher summary says Q2 net profit rose 200% year on year to Rs 365 crore. The move points to fresh capital raising alongside stronger earnings, but the documents do not state why the funds are being raised or when the allotment will close.