Ujjivan Small Finance Bank has concluded qualified institutional placement (QIP) through which the company raised Rs 475 crore by issuing over 22.6 crore shares at an issue price of Rs 21 per piece. The Qualified Institutions Placement issue had opened on September 12, 2022. The meeting of the Merger and Placement Committee of the board of directors approved the closure of the issue period for the issue on September 15, 2022.
Ujjivan Small Finance Bank (USFB) offers small finance to underserved & unserved segments in India. The bank aims to work for the financial inclusion of the country.
