Ujjivan Small Finance Bank Limited
Axis Mutual Fund increased its stake in Ujjivan Small Finance Bank from 2.67% to 3.13%, buying 89,17,486 shares. The value of the additional shares is approximately ₹53.11 Cr at ₹59.63 apiece.
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.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.