India: Ujjivan SFB surges as much as 70% in IPO

India: Ujjivan SFB surges as much as 70% in IPO

REUTERS/Danish Siddiqui - RTS8IIZ

Ujjivan Small Finance Bank Ltd., backed by investors including Aberdeen Standard Investments and Monetary Authority of Singapore, rallied as much as 70% after the lender raised funds in the most-subscribed IPO of 2019.

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