UK govt's CDC Group offloads 2.3% stake in Ujjivan Financial

UK government's development finance institution CDC Group plc has offloaded over 2 per cent stake in Ujjivan Financial Services for an undisclosed sum.

In an open market selling carried out on May 19, CDC Group sold 2.3 per cent stake, equivalent to 2.75 million shares in the Indian non-banking financial company.

Earlier, it held 9.16 per cent equity (10,932,646 shares) in Ujjivan Financial Services, the company data showed in a regulatory filing.

Thus, post the sale of 2.30 per cent stake, CDC Group now holds 6.85 per cent or 8,182,646 shares in Ujjivan Financial.

Ujivan Financial Services is the promoter and parent company of Ujjivan Small Finance Bank (SFB) which started operations from Februray this year.

Stock of Ujjivan Financial closed 2.69 per cent down at Rs 305.80 on BSE.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)