Recently insider trade details in Ujjivan Financial Services Ltd
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UFSL is a holding company of Ujjivan small finance bank (USFB). Holds more than 83% . RBI reguatory enforced reverse merge unlocks UFSL holding discount.
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Ujjivan Financials Board of Directors have announced a share swap ratio of 115 shares of Ujjivan SFB for every 10 shares of Ujjivan Financials held by the investor.
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share swap ratio of 10 shares of UFSL = 115 shares of USFC which is potential upside of 22% from current price ( as of 2nd sep 2022 ).
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USFB is currently having low NPA ( non performing assets ) among all small finance banks.
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I have spoke with one of the employees recently that the merger is in-progress and in 6 months period of time it is expected to be completed.
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Disc : Invested
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