CDC completes exit from India’s Ujjivan
UK-based development finance institution CDC Group has fully exited Ujjivan Financial Services, the listed holding company for Ujjivan Small Finance Bank, realizing more than INR4 billion ($63.4 million) since it began trimming its stake last year.
CDC sold 2.3 million shares in Ujjivan in open market transactions for INR405 each this week. This follows the sale of 5.9 million shares in August and 2.75 million shares in May, accounting for all 10.9...
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