ECONOMY

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

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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

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