Ujjivan Financial Services raises Rs 300 cr from investors

Microfinance lender Ujjivan Financial Services Ltd has tied up financing transaction of Rs 600 crore, involving Rs 300 crore of infusion of capital through new shares.

The balance amount (Rs 300 crore) pertains to a partial exit by some existing investors.

CDC Group Plc, IFC and Bajaj Holdings participated in the deal for which Avendus Capital was the sole advisor.