India's Centrum Capital surges 20% after unit gets small finance bank license

Centrum Capital

13/10/2021 06:11

** Shares of the investment banking company  CENC.NS  rise
as much as 20% to 47.90 rupees, their highest since Aug. 9
    ** Centrum on Tuesday said the Reserve Bank of India issued
a small finance bank license to a consortium of Centrum
Financial Services Ltd and fintech company Resilient Innovations
Private Ltd (BharatPe)  urn:newsml:reuters.com:*:nFWN2R80IS
    ** New small finance bank has been incorporated as Unity
Small Finance Bank and Centrum's micro finance businesses will
also be merged into Unity 
    ** Centrum Financial Services had taken over fraud-hit
Punjab and Maharashtra Co-operative Bank  urn:newsml:reuters.com:*:nL3N2O02PC
    ** About 4.9 mln Centrum shares change hands vs 30-day avg
of 961,543
    ** CENC shares up 137.40% so far this year as of last close

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (Within U.S.
1-646-223-8780, Outside U.S. +91 8067496031); Reuters Messaging:
nallur.sethuraman.thomsonreuters.com@reuters.net))