Tag Archives: Ujjivan

Indian Microfinance in 2016 – A Timeline

The year 2016 has been a mix of good news and bad news for the microfinance sector in India with impressive Ujjivan and Equitas IPOs and acquisitions but clouded in disarray over the demonetisation impact that triggered massive non-repayment of loans in uttar Pradesh and Maharashtra. Here is a chronology of all events in Microfinance sector in 2016:  Jan 6, ...

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Ujjivan May Get Rs.260 Cr ($40 Mln) from IFC in 2 Days

Bangalore-based Ujjivan Financial Services may get a debt investment from the World Bank arm International Finance Corporation (IFC) to the tune of US$40 million (Rs.260 Crore) that may be announced after its Board meeting on Thursday. IFC’ debt support was an on-going infusion of funds into the microfinance company with which Ujjivan is expected to stabilize growth and manage liability ...

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Ujjivan Leads MFI Stocks, Equitas Equally Impressive

Backed by RBI license to start a Small Finance Bank (SFB), Bangalore-based Ujjivan adn Chennai-based Equitas have hit the IPO route this year to make a winning streak in collecting more than expected funds from the public and now they are swaying the markets. Ujjivan Financial Services shares rallied at 20% reaching to Rs 400 on Friday, while its Chennai ...

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Ujjivan Plans to go Public, to Issue IPO Soon

Bangalore-based Ujjivan Financial Services Pvt. Ltd. is likely to go public to raise funds required for it to transform into a small finance bank (SFB) next year, reported MINT citing its earlier hints at the MFI holding talks with investment banks, speculating an early January filing for IPO. Ujjivan was originally planning to raise Rs. 1,500 crore through its initial ...

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Missing Middle: Microfinance Industry Hopes Small Finance Banks Will Fill Gap

Microfinance industry experts who addressed the annual Inclusive Finance Summit 2015 in New Delhi on Wednesday have expressed optimism that the new Small Finance Banks will fill the "missing middle" in reaching the unbanked and bottom of the pyramid. Eight out of 10 Small Finance Banks which have been given in-principle nod by RBI are microfinance institution (MFIs). While some ...

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Ujjivan Microfinance raises Rs. 128 Cr ($25M) in 5th round of equity funding

Bangalore-based Ujjivan Financial Services, one of India’s major microfinance institutions, has raised Rs 127.9 Crore ($25.5 Million) in its fifth round of equity funding, with two new Foreign Institutional Investors participating in it. Investors who participated in the fifth round of funding include Lok Capital: Rs.100 Million, Sequoia Capital: Rs.100 Million, Mauritius Unitus Corporation: Rs.25 Million, Elevar Equity: Rs.125 Million, ...

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