Ujjivan Reverse Merger: Behind the Dull Response
The share swap ratio clearly showcases a significant merger arbitrage opportunity. However, there has been no major interest in this very visible...
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Company Update:Ujjivan Fin.Ser.
We currently have a BUY recommendation on the stock with a target price of Rs 37/share (1.8x FY23E ABV), implying an upside of 17% from CMP.
388 Views
MFI Consultation Paper: Incrementally positive for NBFC-MFIs
We reiterate CREDAG as our top idea that is likely to benefit from the RBI's revised proposals while we expect BANDHAN and UJJIVAN within our...
238 Views
India – Not Time
There are discreet risks in India related to the impact of poor air quality and the syndemic, but also with respect to pre-existing financial...
357 Views
ESAF Small Finance Bank Pre-IPO - Growing Fast but Remains Highly Dependant on a Related Party
ESAF Small Finance Bank (ESAFSFB from hereon) aims to raise up to US$150m in its India IPO. Its roots can be traced back to the 90’s even though...
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