Ujjivan Financial tanks 8%; Equirus downgrades stock to 'short'
Edelweiss has a positive business outlook on Ujjivan Small Finance Bank (USFB), but said the listing of USFB will mean dilution & holding company discount for existing shareholder.:
Shares of Ujjivan Financial Services fell nearly 8 percent intraday on August 19 after the company's decision to launch IPO of Ujjivan Small Finance Bank. Analysts feel the listing of bank is negative for shareholders of microfinance lender.
The stock was qu...
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