Ujjivan Small Finance Bank Limited
Sundaram Mutual Fund increased its stake in Ujjivan Small Finance Bank from 1.61% to 3.32%, buying 3,33,54,057 additional shares. The value of the additional shares is ₹216.4 Cr at ₹64.88 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.
Chennai-based AMC founded in 1996 as a joint venture with BNP Paribas, now wholly owned by the Sundaram Finance Group. Manages over Rs 1 lakh crore. Strong brand in South India with equity funds that have delivered consistent long-term track records across market cycles. Sundaram Mid Cap Fund has been a flagship since the early 2000s.