Ujjivan Small Finance Bank Approves ₹409 Crore Preferential Allotment To IFC

Board approved preferential issue of up to 6.32cr shares at Rs64.73 for ~Rs409cr to IFC, Bajaj Life, AB Sun Life and HDFC Life; EGM on Nov 13. First execution of long-pending capital plan; IFC lifts existing stake to 5% with three insurers as backers. Subject to shareholder and exchange approvals. Adds quality long-term holders to fund secured-led growth; use of proceeds detail awaited in EGM notice; no change in control.