Ujjivan Financial Services tanks 10%, hits 52-week low

Ujjivan Financial is a non-operating holding company with sole 83.32% ownership of Ujjivan Small Finance Bank and does not have any other business interest

Shares of Ujjivan Financial Services (UFSL) hit a 52-week low of Rs 137.70 as they tanked 10 per cent on the BSE in intra-day trade on Tuesday. In the past one month, the stock of the non-banking finance company (NBFC) has slipped 38 per cent after the exit of multiple board members and management executives at Ujjivan Small Finance Bank (USFB).

UFSL is a non-operating holding company (holdco) with sole 83.32 per cent ownership of USFB and it does not have any other business interest. At the standalone level, the income streams of UFSL include dividend income from investments held