Ujjivan Financial Services Equitas Holdings

Betting on pure-play MFI players such as CreditAccess Grameen and Spandana Sphoothy may be safer compered to MFI-oriented banks

The shareholders of Ujjivan Financial Services will get shares at a discount of Rs 2 per share to the final issue price.

Shareholders are vulnerable to deep 'Holding company' discount, risk of further stake dilution and possible moderation in return ratios

Equitas Holdings tanked 40% to Rs 78, while Ujjivan Financial Services plunged 24% at Rs 167, their respective lowest level since listing on the BSE in intra-day trade on Friday.