Tag Archives: sfb

Ujjivan May Get Rs.260 Cr ($40 Mln) from IFC in 2 Days

Bangalore-based Ujjivan Financial Services may get a debt investment from the World Bank arm International Finance Corporation (IFC) to the tune of US$40 million (Rs.260 Crore) that may be announced after its Board meeting on Thursday. IFC’ debt support was an on-going infusion of funds into the microfinance company with which Ujjivan is expected to stabilize growth and manage liability ...

Read More »

Ujjivan Plans to go Public, to Issue IPO Soon

Bangalore-based Ujjivan Financial Services Pvt. Ltd. is likely to go public to raise funds required for it to transform into a small finance bank (SFB) next year, reported MINT citing its earlier hints at the MFI holding talks with investment banks, speculating an early January filing for IPO. Ujjivan was originally planning to raise Rs. 1,500 crore through its initial ...

Read More »