BharatPe parent to sell up to 25% stake in Unity SFB for $800 mn

According to the licensing requirements, BharatPe has to bring down its stake in the bank to 10 per cent within eight years from the bank's operations

Resilient Innovations, the parent company of BharatPe, is scouting for investors to sell up to 25 per cent of its 49 per cent stake in Unity Small Finance Bank (Unity SFB).

  With this, it is aiming to raise anywhere around $800 million, said sources aware of the development. The move is in line with regulatory requirements to reduce its holding in the bank to 10 per cent by 2029, irrespective of the listing of Unity SFB, said sources aware of the development. 

According to the licensing requirements, BharatPe has to bring down its stake in the bank to 10 per