Ujjivan Aims At Small Finance Bank IPO By December
  • WebDesk BTVI
  • Aug 21 2019

Ujjivan Small Finance Bank, a unit of non-bank lender Ujjivan Financial Services, has filed a draft prospectus with market regulator Sebi to float a Rs 1,200-crore initial public offering (IPO). Speaking with BTVI, Ittira Davis, MD & CEO at Ujjivan Financial Services, said the firm is targeting at the IPO by December as it is waiting for RBI norms. He said the promoter entity will continue to hold above 80 per cent in the small finance bank, and the firm will dilute 10 per cent. Here's more.