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HDFC Securities Retail Analysis
Ujjivan Monetary Providers Ltd. is a core holding firm of Ujjivan Small Finance Financial institution Ltd. (holds 83.32% stake).
As part of the banking license requirement, Ujjivan Monetary Providers has floated its wholly owned subsidiary which had commenced its banking operations from February 1, 2017. Ujjivan SFB is a mass market targeted financial institution in India, catering to financially unserved and underserved segments and dedicated to constructing monetary inclusion within the nation.
We really feel that the holding firm low cost will progressively slender because the time passes as a result of the corporate has already introduced that it needs to reverse merge itself with Ujjivan SFB.
Ujjivan SFB is seeking to increase Rs 600 crore of recent capital from institutional buyers to adjust to the minimal public shareholding norms, publish which the financial institution will method the regulators for the merger scheme.
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