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Journalism of Courage
Micro finance company Ujjivan said it has raised Rs 23 crore through an issue of non- convertible debentures (NCDs).
Standard Chartered Bank acted as the sole book runner and lead arranger of the issue,Ujjivan said in a statement.
“This reiterates the faith of banks and financial investors in Ujjivan. During FY’11,Ujjivan has shown consistent performance and growth amidst crisis,” Ujjivan Managing Director Samit Ghosh said.
The NCDs is listed on the Bombay Stock Exchange.
