Ujjivan SFB board approves Rs 409 Cr preferential issue to IFC, 3 insurers
UJJIVANSFB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 3.0 pts less than its Other Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ujjivan SFB board on Oct 16, 2026 approved issuing up to 6.31 crore equity shares at Rs 64.73 each (including Rs 54.73 premium) to raise about Rs 409.04 crores via preferential allotment. IFC (World Bank group member) will get 3.85 crore shares for about Rs 249 crores. Bajaj Life Insurance, Aditya Birla Sun Life Insurance, and HDFC Life Insurance will also subscribe. EGM on Nov 13, 2026 for shareholder approval. IFC stake to rise from 3.18% to 4.99% post-issue. No impact on management control.
Dilution of about 4% on expanded base; backing from IFC and leading insurers is a strong vote of confidence in growth.