Ujjivan Small Finance Bank is looking to raise Rs 409 crore in a preferential equity allotment to International Finance Corporation and three local life insurance companies.
IFC is likely to invest Rs 249 crore while the balance will be put in by Bajaj Life Insurance Co, Aditya Birla Sun Life Insurance Co and HDFC Life Insurance Co, Ujjivan said in a stock exchange filing.
The bank will privately place up to 6.32 crore equity shares at Rs 64.73, including a premium of Rs 54.73 each over face value of Rs 10, it said. The board approved the execution of the subscription agreement with IFC.
Meanwhile, Ujjivan reported a 200% surge in second quarter net profit at Rs 365 crore, riding on a 35% rise in net interest income at Rs 1,244 crore.
Its net interest margin was at at 8.4%, up 55 basis points year-on-year.
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Ujjivan SFB to raise Rs 409 crore from IFC, three insurers
Ujjivan Small Finance Bank plans to raise Rs 409 crore through a preferential share allotment to IFC and three insurers at Rs 64.73 per share. The bank also reported a 200% year-on-year jump in Q2 net profit to Rs 365 crore.
- Written by
- Atmadip Ray
- Published by
- The Economic Times
- Published
- Length
- 152 words · 1 min
Where this came from
This story was reported by Atmadip Ray and first published by The Economic Times on 16 October 2026. HUE Legacy Ventures did not write it.
Carried in full with attribution and a link to the original. Rights remain with the publisher, who may request removal at any time.