CDC yields rich harvest from stake sale in financial services firm Ujjivan

By Bruhadeeswaran R

  • 31 Aug 2017
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Credit: Shah Junaid/VCCircle

UK-based development finance institution CDC Group Plc has sold bulk of its remaining stake in Bengaluru-based small finance bank Ujjivan Financial Services Ltd, harvesting handsome gains on its two-year-old investment.CDC has sold a stake of just under 5% in Ujjivan to Tamarind Capital for Rs 212 crore ($33 million) at ......

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