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Foreign investment in Ujjivan Financial Services crosses permissible limit

16 Jun 2016 Evaluate

Reserve Bank of India (RBI) has notified that the aggregate foreign shareholdings through Foreign Institutional Investors (FII)/Registered Foreign Portfolios Investors (RFPIs)/Foreign Direct Investment (FDI)/Non-Resident Indians (NRI)/American Depository Receipts (ADR)/Global Depository Receipts (GDR)/Persons of Indian Origin (PIO) in Ujjivan Financial Services has crossed the permissible limit. Accordingly, no further purchase of shares of the company would be allowed through Stock Exchanges in India on behalf of FII/RFPI/FDI/NRI/ADR/GDR/PIO.

Ujjivan offers a diverse range of loan products to cater to the specific requirements of its customers. Its products can be classified under two broad categories, namely, group loans and individual loans.

Peers
Company Name CMP
Power Finance Corpn. 318.00
REC 289.10
NHIT 168.00
Satin Creditcare Net 227.20
IFCI 65.17
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