Ujjivan Small Finance Bank may launch reverse merger to cut promoter stake, says CEO Nitin Chugh
Updated : December 12, 2019 01:49 PM IST
MD and CEO Nitin Chugh said a reverse merger with the holding company is the first choice for Ujjivan SFB, but it could also look at an acquisition.
On Ujjivan SFB’s strong stock market debut, Chugh said investors showed confidence in the bank's credibility and a very strong base.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more