India: Set for bank status, microfinance lender Ujjivan plans IPO to ensure its overseas holding drops to 49%

India: Set for bank status, microfinance lender Ujjivan plans IPO to ensure its overseas holding drops to 49%

Ujjivan Financial Services Pvt. Ltd, the microfinance lender that was granted a provisional licence to convert into a small finance bank, has hired investment banks to start work on a Rs.1,500 crore initial share sale, according to two people familiar with the development.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter