The board of Ujjivan Small Finance Bank Ltd. has approved raising funds to the tune of ₹409.04 crore through a preferential issue of shares at the conclusion of their meeting on Friday, October 16. Majority of those shares will be issued to the International Finance Corporation (IFC).
Ujjivan Small Finance Bank’s board has approved the issue of 6.31 crore shares at an issue price of ₹64.73 apiece. Each share carries a face value of ₹10 each.
International Finance Corporation could be issued up to 3.84 crore shares, taking the total sum invested to ₹249 crore. The IFC, which had a 3.18% stake in Ujjivan Small Finance Bank currently, will see its holding increase to 4.99% after the preferential issue.
Bajaj Life Insurance, Aditya Birla Sun Life Insurance Company and HDFC Life Insurance Company Ltd. are the other three allottees as part of the preferential issue.
Bajaj Life Insurance will be issued 92.69 crore shares worth ₹60 crore, Aditya Birla Sun Life and HDFC Life Insurance will be issued 77.24 lakh shares each, thereby taking their respective fund infusion to ₹50 crore.
Ujjivan Small Finance Bank has also approved convening of the Extraordinary General Meeting of shareholders on November 13, 2026.
Shares of Ujjivan Small Finance Bank are trading 0.5% higher on Friday at ₹64.82. The stock is up 22% so far this year.