Ujjivan Small Finance Bank – Probable Reverse Merger Positive For Ujjivan Financial Services: Centrum Broking

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

The Reserve Bank of India recently allowed Ujjivan to apply for reverse merger whereby the holding company, Ujjivan Financial Services Ltd. could be amalgamated with its subsidiary Ujjivan Small Finance Bank Ltd.

Assuming this is permitted by the RBI, Securities and Exchange Board of India approval would also be required which may be accepted subject to requisite guidelines.

This is a positive as the overhang of significant holding company dilution and excess supply of subsidiary shares, would be addressed.

Ujjivan Financial Services should approach Ujjivan Small Finance Bank in terms of valuations.

Click on the attachment to read the full report:

Centrum Ujjivan Small Finance Bank – Event Update .pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
reporterwings Governmental News Finance News

Source link

Back to top button