The equity raising took place over the last two months and concluded a few days back, chief executive Devesh Sachdev told ET.
"In the light of feedback received from various stakeholders and in line with the increasing importance of services sector in our economy, it has been decided to remove the currently applicable loan limits," RBI said Wednesday.
The bank has hired three investment banks including IDBI Capital to manage issue.
Ujjivan Small Finance Bank managing director Samit Ghosh said credit cost is petering off and repayment is back to pre-demonetisation level.
Its gross NPAs ratio stood at 4.24 per cent as against 4.99 per cent in the preceding quarter.
JFC Finance, the Delhi-based non banking firm, has proposed to acquire close to 80% in Palogix for Rs 100-crore, one of the people cited above said.
Mitra also proposed lowering of stamp duty by one percentage point on dwelling units, a step that would help rejuvenate the stressed housing sector.
The price of the shares under this scheme has been pegged at Rs 71.92 by Sebi.
The merger may take another six months to formalise, the company said, after announcing 14% rise in third quarter net profit. The merger was announced on October 14, last year.
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