Ujjivan Financial Services has passed resolutions at the Board of Directors’ level agreeing for decreasing the limit for the purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs)/ Foreign Direct Investment (FDI)/Qualified Foreign Investors (QFIs)/ American Depository Receipts (ADR)/Global Depository Receipts (GDR)/ Non-Resident Indians (NRIs)/ Persons of Indian Origin (PIOs) through primary market and stock exchanges up to 47% of the paid up capital of the company under Portfolio Investment Scheme. Accordingly, FIIs/RFPIs/FDI/QFIs/ADR/GDR/NRIs/PIO investment limit under PIS for Ujjivan Financial Services stands decreased from 49 % to 47%.
Ujjivan Financial Services is a non-banking finance company engaged in the micro finance lending business. The Company's products and services include Microfinance, Micro and Small Enterprise Business (MSE) Finance, Agriculture and Animal Husbandry Finance, and Housing Finance.
