Ujjivan Small Finance Bank OKs share sale worth ₹409 crore to IFC and insurers
Ujjivan Small Finance Bank's board approved raising ₹409.04 crore via a preferential share issue, mostly to IFC. Source: cnbctv18.com.
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what happened
The board of Ujjivan Small Finance Bank Ltd. approved raising ₹409.04 crore through a preferential share issue at its Friday, October 16 meeting, according to cnbctv18.com. Most of the shares will go to the International Finance Corporation (IFC). The bank plans to issue 6.31 crore shares at ₹64.73 each, with a face value of ₹10 per share.
IFC may receive up to 3.84 crore shares, worth ₹249 crore in total. Its stake, currently 3.18%, will rise to 4.99% after the issue. Three insurers are also among the allottees: Bajaj Life Insurance, Aditya Birla Sun Life Insurance and HDFC Life Insurance. Bajaj Life will receive shares worth ₹60 crore, while Aditya Birla Sun Life and HDFC Life will each raise their investment to ₹50 crore. An extraordinary general meeting of shareholders is set for November 13, 2026.
On Friday the shares traded 0.5% higher at ₹64.82 and are up 22% so far this year.
why it matters
For investors, the deal brings fresh capital into the small lender and increases the number of shares outstanding, which can dilute existing holders. The participation of IFC and large insurers signals institutional interest in the bank. With the issue price close to the current trading level, the direct effect on the share price may be limited.
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- Ujjivan Small Finance Bank approves preferential issue worth ₹409 crore to IFC, three other insurers — cnbctv18.com, 16 October 2026 at 07:45 UTC
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