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Ujjivan Financial Services To Lower Foreign Holding Post-IPO

Ujjivan Financial Services To Lower Foreign Holding Post-IPO
Kolkata: Ujjivan Financial Services Ltd looks to bring down its foreign holding up to 45 per cent, a critical requirement for promoting a small bank. The microfinance company is entering the capital markets with an IPO of around Rs 880 crore on April 28. "According to regulatory requirement, the foreign holding in the small bank has to be less than 49 per cent. IPO is the first step towards transformation to a small finance bank. F...
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