Ujjivan Small Finance Bank Ltd sells stressed loan portfolio to ARC

The authorized Board Committee of Ujjivan Small Finance Bank Ltd at its meeting held on November 15, 2024 has approved a proposal for sale of NPA and written-off loans to an Asset Reconstruction Company ("ARC").

Today i.e. November 27, 2024, the Bank has completed the sale of stressed loan portfolio including written of loans pool with outstanding value of Rs. 270.35 crore as on September 30, 2024, to an ARC pursuant to Swiss Challenge Method, for a consideration amounting to Rs. 40.55 crore.

Shares of Ujjivan Small Finance Bank Limited was last trading in BSE at Rs. 33.56 as compared to the previous close of Rs. 33.46. The total number of shares traded during the day was 1540787 in over 6478 trades.

The stock hit an intraday high of Rs. 33.70 and intraday low of 32.94. The net turnover during the day was Rs. 51573482.00.

Source : Equity Bulls

Keywords

UjjivanSmallFinanceBank INE551W01018 StressedLoanPortfolio Sale ARC