What happened
FactUjjivan Small Finance Bank’s Board approved a preferential issue of up to 6,31,91,619 fully paid-up equity shares at Rs. 64.73 per share, aggregating up to approximately Rs. 409.04 crore, subject to shareholder approval. The proposed allottees are International Finance Corporation, Bajaj Life Insurance Limited, Aditya Birla Sun Life Insurance Company Limited and HDFC Life Insurance Company Limited; the Bank also approved subscription and policy agreements with IFC and scheduled an EGM for November 13, 2026.
6,31,91,619 equity sharesProposed shares
Maximum number of equity shares proposed under the preferential issue
Rs. 64.73 per equity shareIssue price
Issue price, including premium of Rs. 54.73 per share
up to approximately Rs. 409.04 croreTotal issue consideration
Maximum aggregate consideration stated for the preferential issue
Rs. 4,09,03,93,497.87Exact maximum subscription amount
Total maximum subscription amount stated in the allottee table
4Number of proposed allottees
Number of investors proposed to participate in the issue
3,84,73,561 equity shares; Rs. 2,49,03,93,603.53IFC proposed allocation
Maximum shares and subscription amount proposed for International Finance Corporation
November 13, 2026Shareholder approval meeting
Scheduled date of the extraordinary general meeting to consider the preferential issue