Reserve Bank of India has put limit on aggregate foreign holding Ujjivan Financial Services at 49%. Ujjivan has received an in-principal license from RBI to set up small finance bank. Entities which has received RBI in-principle approval to set up a small finance should bring down their foreign shareholding to 49%. In view of listing of shares of the company, Ujjivan Financial Services on stock exchange, the aggregate investment ceiling for foreign institutional investor /registered foreign portfolios investors investment under portfolio investment scheme shall remain at 49%, RBI said in a notification. The total foreign investment from all sources in the company shall not exceed 49% and the aggregate limit for NRI investment shall not exceed 10%, it said.
