Ujjivan Raises Rs.40 Crores

January 5, 2011 Posted by Press Release, Unitus Capital

Ujjivan Raises Rs.40 Crores through Non-Convertible Debentures

Bengaluru, 5th January 2011: Bangalore-headquartered, Ujjivan Financial Services, a leading microfinance institution with pan-India presence, has raised INR 40 Crores of debt capital through issuance of listed, secured, redeemable, non-convertible debentures (NCDs) to DMW (Cyprus) Limited , a member of the Developing World Markets (DWM) group of companies. Unitus Capital is the exclusive financial advisor and sole arranger of the issue.

The NCDs are listed on the Bombay Stock Exchange and have been fully subscribed to by Connecticut-headquartered DWM which is an asset manager and investment bank exclusively dedicated to making socially positive investments in order to promote sustainable economic and social development on a global scale.

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