Ujjivan’s IPO to open on 28 April1 min read . Updated: 21 Apr 2016, 04:16 AM IST
Ujjivan will have to ensure that overseas shareholding in the company remains at or below 49% to meet one of the conditions set by the RBI to become an SFB
Mumbai: Ujjivan Financial Services Ltd, the micro-lender which has won a provisional license to be a small finance bank (SFB), is expected to launch its initial public offering (IPO) on 28 April to raise around up to ₹ 850-900 crore, three people familiar with the development said.
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