Ujjivan Small Finance Bank Limited
Aditya Birla Sun Life Mutual Fund raised its stake in Ujjivan Small Finance Bank Limited from 1.97% to 2.90% by purchasing 1,83,03,729 shares.
A mass market-focused small finance bank in India that provides banking and financial services to economically active populations excluded from traditional banking channels. Originally established as a Non-Banking Financial Company in 2005, it transitioned to a small finance bank to expand its reach. The bank is committed to building financial inclusion by serving financially underserved and unserved segments across the country.
Joint venture between Aditya Birla Capital and Sun Life Financial of Canada. Among India's top five AMCs with over Rs 6.5 lakh crore in AUM across 100+ schemes. MD and CEO A. Balasubramanian is one of the most outspoken fund industry voices in India. CIO Mahesh Patil oversees the equity book with a consistent large and multicap tilt.