Newquest Asia Investments II on Monday offloaded shares of Ujjivan Financial Services for Rs 148 crore through an open market transaction. According to the bulk deal data available with the NSE, Newquest Asia Investments II Ltd disposed of 30 lakh shares of Ujjivan Financial Services. The shares were sold at an average price of Rs 495.19 apiece, taking the aggregate transaction value to Rs 148.56 crore. Meanwhile, Abakkus Emerging Opportunities Fund-1 acquired 11.50 lakh shares and BNP Paribas Arbitrage bought more than 6.79 lakh shares of Ujjivan Financial Services. The shares were bought in the range of Rs 495-495.15 per share, taking the combined transaction value to Rs 90.56 crore. On Monday, shares of Ujjivan Financial Services fell 1.63 per cent to close at Rs 498.95 apiece on the NSE.
The entire merger process is expected to be completed within a time-frame of 7-8 months i.e. by October-November 2023, Ujjivan Small Finance Bank said.
Shares of Ujjivan Financial Services (UFSL) hit a fresh 52-week high of Rs 295.35 as they surged 6 per cent on the BSE in Tuesday's intra-day trade
In Q2FY23, Ujjivan Small Finance Bank's gross loan book jumped 44 per cent YoY to Rs 20,938 crore on the back of sustained growth in disbursement
The management of Ujjivan SFB is confident that the momentum built in the last six months would continue in the current fiscal and in the years to come
Ujjivan Small Finance Bank, after facing headwinds amid the COVID-19 pandemic, is charting out a more balanced growth path by increasing its secured loan book to 50 per cent of total assets in 2 years
Ujjivan Small Finance Bank (SFB) on Thursday reported a 7 per cent decline in its net profit to Rs 126.5 crore for the last quarter of the fiscal ended in March 2022
The bank has already sought Sebi nod for a scheme of amalgamation to achieve the Minimum Public Shareholding (MPS)
Ujjivan Financial Services has corrected 60 per cent, while Ujjivan Small Finance Bank has slipped 55 per cent from their respective 52-week highs
Ujjivan is the holding company and promoter of Ujjivan Small Finance Bank (SFB).
Ujjivan Financial Services on Thursday said it has appointed Sanjeev Barnwal as its new chief executive officer
Ujjivan Financial is a non-operating holding company with sole 83.32% ownership of Ujjivan Small Finance Bank and does not have any other business interest
Nitin Chugh, Managing Director and CEO of Ujjivan Small Finance Bank, tendered his resignation, citing personal reasons
The Reserve Bank of India has allowed small finance banks (SFBs) and respective holding companies to apply for the Amalgamation scheme
The firm is reaching out to shareholders again in this issue after they voted against Ghosh earlier
A special resolution to appoint Samit Ghosh as CEO of Ujjivan Financial Services was defeated as it didn't get the requisite share of votes
Ujjivan Financial Services on Wednesday reported a consolidated loss of Rs 490.73 crore in the third quarter ended in December 2020.
In separate circulars, the exchanges said futures and options (F&O) contracts will not be available for trading in the securities of these three companies with effect from August 28, 2020
Indications are in the favor of marginal consolidation followed by steady rebound ahead for Marico
Established in 2017, the Ujjivan Financial Services-controlled Small Finance Bank offers small finance to underserved and unserved segments in India.