Ujjivan Small Finance Bank Ltd. settled on a ₹409.04 Cr preferential issue, pricing 6.31 cr new shares at ₹64.73 each—just shy of the current market touch of ₹64.82. The move lifts the bank’s capital base as it seeks to meet regulatory buffers.
International Finance Corporation, holding 3.18% before the issue, will receive up to 3.84 cr shares, lifting its stake to 4.99%. The tranche values ₹249 cr of the raise, with the remaining ₹160 cr earmarked for other insurers.
Bajaj Life Insurance is slated for 92.69 cr shares, valued at ₹60 cr, while Aditya Birla Sun Life and HDFC Life each take 77.24 lakh shares, infusing ₹50 cr into the bank. These allocations diversify the shareholder mix and align with the bank’s growth strategy.
Market reaction is muted; the stock is up 0.5% to ₹64.82 and stands 22% higher year‑to‑date. The board will convene an Extraordinary General Meeting on 13 Nov 2026 to discuss further capital plans. Traders will watch the next earnings call for guidance on utilisation of the fresh capital.