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Ujjivan’s overseas investors sell stake to comply with foreign holding rule: Report

20 Oct 2016 Evaluate

Ujjivan Financial Services’ overseas investors have reportedly sold part of their stakes in the company to bring down aggregate foreign holding to below the 49 per cent limit, a rule for small finance banks.

Leading foreign shareholders in the company includes the UK’s CDC Group Plc with 9.23 per cent holding and International Finance Corporation with 6.03 per cent stake at the end of September.

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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