Ujjivan Small Finance Bank (Ujjivan SFB) said that its board has approved the proposal to raise upto Rs 1,500 crore through non-convertible debt securities.
The board of Ujjivan Small Finance Bank on Wednesday approved the proposal for raising funds by way of issuing non-convertible debt securities upto Rs 1,500 crore on a private placement basis, in one or more tranches, within a period of 1 year from the date of seeking shareholders' approval.The bank will seek shareholders' approval for the same through a postal ballot process.
Ujjivan Small Finance Bank is a mass market focused bank in India, catering to financially unserved and underserved segments. It reported 7.3% fall in standalone net profit to Rs 126.52 crore despite a 25.8% rise in total income to Rs 920.80 crore in Q4 FY22 over Q4 FY21.
Shares of Ujjivan Small Finance Bank slipped 2.10% to Rs 16.35 on the BSE.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories
Over 30 subscriber-only stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app