USUjjivan Small Finance Bank542904Preferential allotment

Subscription and policy agreements executed with IFC for preferential issue of up to ~3.85 crore shares

Subscription agreement executed with IFC, an existing shareholder, for a preferential issue of equity shares.

By ScoutQuest · Fri 16 Oct 2026, 3:22 PM IST · 2 min read

Shares to be issued

Up to ~3.85 crore shares of face value Rs. 10 at Rs. 64.73 each

Issue price

Rs. 64.73 each

Total consideration

up to ~Rs. 249.04 Crores

What the intimation covers

The Bank has informed the exchanges that, based on the approval of its Board of Directors at its meeting held on October 16, 2026, it has executed a subscription agreement and a policy agreement with International Finance Corporation (IFC). IFC is described as an existing shareholder of the Bank and as one of the proposed allottees of the preferential issue approved by the Board.

Subscription agreement

• Purpose: preferential issue of equity shares by the Bank to IFC.
• Up to ~3.85 crore equity shares of face value Rs. 10 each, at a price of Rs. 64.73 each, including a premium of Rs. 54.73 each, for a total consideration aggregating up to ~Rs. 249.04 Crores.
• Consummation of the preferential issue is subject to customary conditions precedent, including receipt of shareholders' approval, in-principle approval from BSE Limited and National Stock Exchange of India Limited, and the other terms set out in the subscription agreement.
• The agreement includes customary indemnification obligations of the Bank.
• Extent and nature of impact on management or control of the Bank: None.

Policy agreement

• It will remain in effect until IFC remains a shareholder in the Bank.
• The Bank has agreed to comply with certain policy reporting and compliance requirements and covenants, including in relation to sanctionable practices, environmental and social covenants, insurance, anti-corruption, anti-harassment and child protection policies and compliance with UN Security Council Resolutions, in accordance with IFC's requirements.
• Information required to be provided under the policy agreement is to be shared in compliance with the SEBI Insider Trading Regulations and the SEBI Listing Regulations, and any unpublished price sensitive information is to be published on the stock exchanges simultaneously with or prior to disclosure to IFC.
• The agreement includes customary indemnification obligations of the Bank.

IFC's holding as of October 15, 2026

IFC holds ~6.21 crore equity shares of the Bank of Rs. 10 each, aggregating to a shareholding of 3.18% in the Bank.

Other points recorded

• The Bank states that it does not have any promoters.
• The transaction is stated not to fall within related party transactions.
• Against other disclosures relating to nominee on the Board of Directors or potential conflict of interest, the update records None.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev