Ujjivan SFB to raise Rs 600 cr in equity; expects to report profits in Q4

Listed entities need to have 25 per cent public holding and fresh capital will help business, says top executive.

Ujjivan Small Finance Bank (SFB) will in three to six months raise up to Rs 600 crore in fresh equity capital from institutional investors for increasing public holding to 25 per cent and support business growth.

The board of directors has approved the issuance of equity shares up to Rs 600 crore—that includes premium through Qualified Institutional Placement subject to the approval of the shareholders, the company told the BSE.

Its Capital Adequacy Ratio stood at 19.1 per cent with Tier-1 capital at 17.7 per cent at end of December 2021.

Ittira Davis, managing director and chief executive officer of