Ujjivan Small Finance Bank Ltd acquires 200 shares of Vishvakarma Payments Pvt Ltd

Ujjivan Small Finance Bank Limited ("Bank") has acquired 200 equity shares of face value of Rs. 10 each fully paid up, of Vishvakarma Payments Private Limited at Rs. 10 per equity share.

Vishvakarma has been incorporated to make an application to the Reserve Bank of India (RBI) for setting up of a pan-India New Umbrella Entity (NUE) for retail payments.

Subject to approval of the NUE application by RBI, the main business of Vishvakarma would be to operate a pan-India New Umbrella Entity for retail payment systems, as would be allowed / authorized by RBI.

Vishvakarma intends to carry on the business of designing and operating retail payment systems and offering related payment, remittance, and technology services as a pan-India NUE authorised by RBI under the Payment and Settlement Systems Act, 2007.

Shares of Ujjivan Small Finance Bank Ltd was last trading in BSE at Rs. 30.50 as compared to the previous close of Rs. 30.20. The total number of shares traded during the day was 1,96,786 shares and the deliverable quantity was 1,56,714 shares.

The stock hit an intraday high of Rs. 30.80 and intraday low of Rs. 30.25.

Source : Equity Bulls

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